Investment Property Databank (IPD) has received the College of Estate Management 2013 Property Award for its pioneering work in property data.
The organisation received the award, which recognises outstanding contribution to the property industry, at a lunch hosted by CEM’s board of trustees at Haberdasher’s Hall, London.
College principal Ann Heywood said IPD “grew a reliable and trusted property information service from very small beginnings”.
IPD was founded by Ian Cullen and Rupert Nabarro in 1985, and gave the UK its first trusted reliable index of investment property performance.
The organisation of economists now operates in 32 countries globally, covering funds valued over $1.4tn (£0.91tn).
Cullen said: “We owe a huge debt of gratitude to the UK property investment industry, which has accepted IPD as partners in the project of continually raising the sector’s transparency standards.”
