UK listed real estate company Hansteen Holdings will be included in the FTSE EPRA/NAREIT Developed Europe Index from Monday March 21, 201 after meeting all eligibility criteria during the Index's March Quarterly Review, according to the European Public Real Estate Association (EPRA).
UK listed real estate company Hansteen Holdings will be included in the FTSE EPRA/NAREIT Developed Europe Index from Monday March 21, 201 after meeting all eligibility criteria during the Index's March Quarterly Review, according to the European Public Real Estate Association (EPRA).
Over the last year, Hansteen displayed sufficient levels of liquidity, comprehensive reporting and sufficient market capitalisation to be regarded as eligible and a valuable addition to the EPRA Index, EPRA said.
'We welcome another excellent REIT to the EPRA Index - what's more, it's a company which has adopted EPRA NAV reporting best practice which reiterates our call for quality and transparency,' said Philip Charls, CEO of EPRA.
Ian Watson, joint Chief Executive of Hansteen added: 'Being included in the EPRA Index displays a wider recognition of our commitment to best practice, and an opportunity for global investors to play a part in Hansteen's ongoing success.'
The EPRA index is the most widely used investment index for listed real estate. The total number of constituents on the index, after the Hansteen inclusion, stands at 82; which represents a free-float market capitalisation of approximately EUR 90 bn.
