PRESS RELEASE
EPRA Europe Real Estate Index embraces EUR 4.2 billion
in new assets
Brussels – March 09, 2012: Three stock market-listed property companies will enter the leading global index for listed real estate, confirming a vibrant and growing sector and ensuring them greater investor and analyst attention.Hamborner REIT AG (Germany), ANF Immobilier (France) and Fastighets AB Balder (Sweden) will be added to the FTSE EPRA/NAREIT Developed Europe Index as of March 19, 2012.
The companies each successfully passed the required eligibility criteria during the Index’s March Quarterly Review. Together, they add approx. EUR 1.0 billion of free-float market capitalisation to the index, representing a combined real estate portfolio that includes office, retail, hotel and residential assets valued at over EUR 4.2 billion (as at the end of 2011). Their combined rental revenues over 2011 amounted to approx. EUR 281 million.
Besides displaying sufficient levels of liquidity and size, clear reporting was recognised - including the provision of English language Annual Reports allowing these companies to reach a global investor base. This exposure will be reinforced by their inclusion to the EPRA Index.
Philip Charls, EPRA CEO commented: “They have each demonstrated that by increasing transparency together with liquidity they can bring growth to the European listed real estate sector and increase the European offer of investible-grade real estate to global real estate investors. We look forward to welcoming other companies which meet the index ground rules.”
-- Note to editors --
About EPRA
The European Public Real Estate Association - is the voice of the publicly traded European real estate sector. With more than 200 active members, EPRA represents over EUR 250 billion of real estate assets and 90% of the market capitalisation of the FTSE EPRA/NAREIT Europe Index. Through the provision of better information to investors, improvement of the general operating environment, encouragement of best practices and the cohesion and strengthening of the industry, EPRA works to encourage greater investment in listed real estate companies in Europe.
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