Most major real estate companies in Western Europe are members of the EPRA (European Public Real Estate Association), which aims at promoting, developing and representing the real estate market.Now the organisation is open to the idea of companies from Central Europe joining
There are currently only 140 EPRA members and these are renowned companies, either directly or indirectly involved in real estate. Apart from having a good reputation, one of the requirements for inclusion in the EPRA is being listed on one of the European stock exchanges, as the organisation has set up a crucial index which displays the current state of the real estate market.
EPRA's work of artThe EPRA/NAREIT index is the organisation's foremost achievement since it was founded in Amsterdam in 1999."We launched the index in June 2000," says Nick van Ommen, head of EPRA. "And soon after we made it global via Euronext, an organisation which links the stock exchanges in Amsterdam, Paris, Brussels and Lisbon and LI