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FTSE Group (“FTSE”), the global index provider, and Asia’s leading real estate industry body, the Asian Public Real Estate Association (“APREA”), today announce they have signed a cooperation agreement to formalise a partnership to develop new indices for Asia Pacific’s real estate sector.
APREA joins the European Public Real Estate Association (“EPRA”) and National Association of Real Estate Investment Trustsâ (“NAREIT”) which have already chosen to partner with FTSE as their preferred index provider. FTSE’s acknowledged index design and calculation skills with APREA’s expertise and influence is a powerful combination and is a welcome addition in the region’s listed real estate markets. With many Asian countries introducing or set to introduce REIT regimes, FTSE and APREA are uniquely positioned to anticipate and deliver new real estate indices for the Asia Pacific region while ensuring existing indices remain relevant to investor needs.
Donald Keith, Deputy CEO of FTSE Group says “FTSE is committed to providing best in class indexing services to real estate investors worldwide. Our partnership with APREA gives us unparalleled expertise in Asian real estate and will strengthen our offering to global real estate investors”.
Peter Mitchell, Chief Executive Officer of APREA adds, "This is a landmark development for Asia Pacific's public real estate industry. It will give more visibility to Asian real estate markets, thereby enhancing the region's access to global capital. We are delighted to be partnering with FTSE to develop these indices."
