Three European listed property companies will enter the global index for listed real estate from March 19, adding a combined real estate portfolio valued at over EUR 4.2 bn.
Three European listed property companies will enter the global index for listed real estate from March 19, adding a combined real estate portfolio valued at over EUR 4.2 bn.
Hamborner REIT (Germany), ANF Immobilier (France) and Fastighets Balder (Sweden) will be added to the FTSE EPRA/NAREIT Developed Europe Index. Together, they will add EUR 1.0 bn of free-float market capitalisation to the index, representing a combined real estate portfolio that includes office, retail, hotel and residential assets valued at over EUR 4.2 bn. Their combined rental revenues amounted to EUR 281 mln in 2011.
Besides displaying sufficient levels of liquidity and size, clear reporting was recognised - including the provision of English-language annual reports allowing these companies to reach a global investor base. This exposure will be reinforced by their inclusion in the EPRA Index.
Philip Charls, EPRA CEO commented: 'They have each demonstrated that by increasing transparency together with liquidity they can bring growth to the European listed real estate sector and increase the European offer of investible-grade real estate to global real estate investors.'
In addition to their inclusion in the Developed Europe Index, Immofinanz, Orco Property Group and Atrium European Real Estate will all be added to the FTSE EPRA/NAREIT Emerging Europe Index covering European listed real estate companies with exposure to emerging markets.
