ICSC has teamed up with index provider MSCI to create a new European index to benchmark shopping centre performance, Beatrice de Quinsonas, vice-president, head of product research at MSCI, told the ICSC Strategy & Trends conference in Berlin on Thursday.
ICSC has teamed up with index provider MSCI to create a new European index to benchmark shopping centre performance, Beatrice de Quinsonas, vice-president, head of product research at MSCI, told the ICSC Strategy & Trends conference in Berlin on Thursday.
A dedicated committee comprising representatives from across the European retail industry is currently collaborating to provide input for data and methodology standards, De Quinsonas said. She stressed that the data from individual investors would be aggregated and made anonymous for the purpose of the benchmark.
‘What we wanted to create is a pan-European or even global standard that can be widely used to measure indicators such as sales performance of individual retailers and rent-to-sale ratios. Thanks to the collaboration with the industry players we are on the way to achieving that goal.’