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EPRA kicked-off 2017 with a very busy schedule. We held two successful Insight events in the UK and the Netherlands, about which you can read later in the Brief, where our top panelists shared their outlook for the real estate market. Continuing the topic of events, I am very pleased to report that planning for the Annual Conference in London is well under way, with high-level speakers to be announced soon. In the meantime, make sure to note down the date of 5-7 September in your agendas!
 
Focusing on the next few months to come, I would like to report three events from the Reporting & Accounting team, highlighting the importance of EPRA financial Best Practices Recommendations reporting. Continuing our BPR tour in Europe, we will be in London (10 February) and in Berlin (2 March), where investors and auditors will advise property companies on how to go for Gold. In April, during the R&A summit, the team will meet with the sector’s finance leadership. If you wish to attend any of the above, please contact us at events@epra.com.
 
Two other outstanding matters on our agenda with a pressing deadline are FTSE Russell’s market consultations looking at the potential modifications to the global real estate indexes and EPRA Research Committee’s call for expressions of interest for research projects. In what is sometimes a hectic beginning of the year, make sure not miss the deadlines.
 

Philip Charls
EPRA CEO
EPRA NEWS

Consultation for integrating Industry Classification Structures

FTSE Russell is conducting a client consultation for integrating Industry Classification Structures– Industry Classification Benchmark (ICB) and Russell Global Sector (RGS). Additionally, the feedback is gathered in relation to carving out real estate from Financials sector and creating a separate, stand-alone Real Estate sector, like it was recently the case in the Global Industry Classification Standard (GICS). According to EPRA research, the European listed sector could gain EUR 75 billion worth of additional investment going forward. EPRA therefore strongly encourages its members to participate in the consultation as the elevation of listed real estate to a stand-alone sector in FTSE Russell would further highlight the importance and attractiveness of the real estate sector. For more information contact index@epra.com.

Insight into the UK property market

The widely-accepted view that the UK property market has performed better than expected following the Brexit vote may be wishful thinking, reported PropertyEU from the EPRA Insight 2017 conference in London. The panelists agreed that the impact of political risk would continue to weigh on European real estate markets following the UK vote and Trump’s victory in the US presidential elections. This year France, Germany and the Netherlands hold key elections that may also throw up surprises, they noted. Panelists however agreed, that the UK retail sector could outperform, defying analysts' gloomy predictions.

Dutch listed sector: can it outperform?

A record number of attendees at Loyens & Loeff’s offices came to hear about the prospects for the Dutch market for 2017. Panelists of the Insight Amsterdam event agreed that the underlying economy of the Netherlands and the real estate sector in particular are looking very attractive. However, the country’s listed sector, which ranks eighth in Europe in terms of market capitalisation, appears not to be punching its weight to the extent suggested by the scale of its domestic capital, size of economy and underlying property investment stock. A similar opinion was recently expressed by Evert Jan van Garderen (Eurocommercial) and Daniel van Dongen (NSI) in EPRA’s December Industry Newsletter. Panelists seemed to agree that the Dutch listed sector could learn from neighbouring market Belgium in its efforts to grow, as reported by PropertyEU. Read the interview with Laurent Carlier, BE-REIT Association Chairman.  
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