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For the past three years EPRA has been actively advocating for an improved REIT regime in Italy, which would give investors access to the listed market of the fourth largest economy in Europe by GDP. This is why we were particularly happy to welcome the listing of Coima Res, the first Italian REIT IPO in over a decade, taking the total raised in European real estate IPOs in only three years past the EUR 15 billion milestone.
 
Talking about milestones, it is my pleasure to announce that earlier this month the EPRA Developed Europe Real Estate Index reached 100 constituents and passed the EUR 200 billion market cap level, once again proving the performance of our sector.
 
These achievements are our common accomplishment. This is why I would like to take a moment to thank the EPRA team and dedicate to them the Industry Contribution Award received earlier this week at the Property Investor Europe’s inaugural Europe Property Awards.

Philip Charls
EPRA CEO
EPRA NEWS

EPRA Developed Europe Index hits 100-constituent milestone

Europe’s listed real estate benchmark reached the 100 constituents milestone in early June and has passed the €200 billion market capitalisation level, as global investors target strong yields in the sector and a performance that produced a total return of 18.8% in 2015. WCM, the German office and retail real estate investor and Regional REIT, which invests in regional offices and light industrial properties in the UK outside of London, were accepted for inclusion in the FTSE EPRA/NAREIT Developed Europe Index on June 3. “The market is growing fast as global investors increasingly seek solid income investments as an alternative to record low yields in fixed income. Listed real estate provides this alternative with the added advantages of liquidity and a performance that mirrors that of the underlying property assets in the long-term,” commented Philip Charls, EPRA CEO.

Listed real estate discussed in the Bundestag

On June 1st, EPRA participated in a panel discussion on “listed real estate companies as an impulse for urban development and housing” organised by the “Strukturgesellschaft Berlin,” a German high-level association with the aim to advise politicians. State Secretaries from the German Ministry of Finance and the Ministry of Environment, various Members of Parliament, representatives of the Chancellery and EPRA members were among the participants. Philip Charls, EPRA CEO, gave a keynote speech on the role of listed real estate in city refurbishment and sustainable building, as well as a long-term stable income producer.

Italian Real Estate IPO May Kick-start Growth of Market

The listing of Italian property company Coima on the country’s MTA exchange on Friday 13 May, following a EUR 215 million IPO, may signal the stirrings of a Renaissance in Italy’s small listed real estate sector. Currently, only 0.55% of Italy’s underlying real estate investment market is listed – the lowest percentage on the Continent – compared with the European average which stands at 4.90%. EPRA believes Italy has strong growth potential. To take Spain as an example, since investor-friendly amendments to its REIT regime in 2013, the Spanish market has added almost EUR 6.0 billion in market capitalization and increased its proportion of listed real estate to 3.88%. Over 10%, or EUR 15 billion, of the total EUR 148 billion raised in all IPOs in Europe since 2013 was for property companies. The total capital raised in IPOs and secondary offerings by European companies in the EPRA Index since 2013 was over EUR 28 billion. Read more in EPRA press release.

Real Estate. Preparing for change.

Come and join us in Paris, September 6-8, for the event to be listed in – EPRA Annual Conference! This year’s edition will bring a mix of property tech, economic vision and sustainability, all under the major theme of the conference - Real Estate. Preparing for change. Our speakers line-up include Google futurist Ray Kurzweil, the President emeritus of Jacques Delors Institute, Former Director General of the WTO Pascal Lamy and Anne Hidalgo, the Mayor of Paris. Discover the three-day programme and make sure you register here before the countdown stops. Do not forget to join the conversation on Twitter at #EPRAParis2016! We are grateful to all our sponsors for their support:  Affine, alstria, Befimmo, CA Immo, CeGeREAL Colonial, Credit Suisse, EY, Gecina, Green Street Advisors, Hispania, JLL, Klépierre, PSP Swiss Property, Vonovia and Westfield.
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European Public Real Estate Association (EPRA) · Square de Meeûs 23 · Brussels 1000 · Belgium