Five leading international investors have joined Investment Property Databank’s European Property Databank.
SPP International, Societe Fonciere Lyonnais, PRICOA Property Management, Commercial Union France and Rodamco have agreed to establish a data-sharing club, pooling information from all their international holdings. Other multinational investors are considering joining, says Phil Tily of IPD.
IPD, whose indices are the benchmark in the UK real estate market, is making progress on the development of equivalent measures for other European countries. For Belgium, a group of leading Belgian funds, including AG Fortis and Royale Belge, are working on the technical specifications. The committee is chaired by Bernard Cardon de Lichtbuer of Cofinimmo.
As Europroperty reported in February, a full feasibility study is also under way in Germany. The study, being carried out by IPD with the European Business School, has been commissioned by 16 major investors, chaired by Klaus Hohman, chief executive of DEGI.
These investors are keen to establish a benchmarking service both as a management tool and as a contribution to the transparency of the German market.
In Sweden major investors are also investigating pooling their data as the first step towards establishing a national commercial property index.
