Amsterdam and Vienna-listed Atrium European Real Estate and Spain's Inmobiliaria Colonial have been thrown out of the GPR 250 index with effect from 19 March 2012. The GPR 250 Index, which is drawn up by Global Property Research in Amsterdam, is composed of the 250 most liquid listed property securities in the world.
Amsterdam and Vienna-listed Atrium European Real Estate and Spain's Inmobiliaria Colonial have been thrown out of the GPR 250 index with effect from 19 March 2012. The GPR 250 Index, which is drawn up by Global Property Research in Amsterdam, is composed of the 250 most liquid listed property securities in the world.
In addition to the two European companies. US-based MPG Office Trust Inc. has also been dropped from the index. Final inclusions comprise Centro Retail Australia, Sonae Sierra Brasil, Fountainhead Property Trust of South Africa and the two US companies American Assets Trust Inc and Summit Hotel Properties Inc.
US REIT Simon Property Group currently has the heaviest weighting in the index at 5.03%. Unibail-Rodamco is the biggest of the European stocks, accounting for a share of 2.27%.
Simon announced last week that it is bolstering its position in the European property market with the acquisition of a 28.7% stake in French retail REIT Klépierre from BNP Paribas for EUR 28 per share, or a total transaction value of around EUR 1.5 bn.
