The promoter Aedas Homes has become a member of EPRA (European Public Real Estate Association), the main European association of the real estate sector.
Being part of this select international organization, which brings together more than 280 members from all over Europe, will provide the Spanish company with "greater visibility with the international investment community", according to David Martínez, its CEO.
And it is that EPRA's mission is "to promote, encourage and represent the European real estate sector through communication to interest groups and in particular to shareholders and bondholders; favor active participation in public and political debate; and encourage best practices and the cohesion and strengthening of the sector".
This incorporation coincides with the launch of the EPRA Developers Research Benchmark index, the first reference indicator for large European developers, of which Aedas Homes has also become a part, becoming one of the 29 initial members of the indicator, made up of companies from Belgium , Denmark, France, Germany, Ireland, Norway, Poland, Spain, Sweden and the United Kingdom, with a total market capitalization of €59.6 billion.
EPRA has launched this initiative in response to the great relevance that the sector has gained in the last decade throughout the continent, a period in which the European association of listed real estate developers has become professionalized and has become an important player in the real estate universe stock market.
As Martínez explains, the creation of this indicator "represents an important recognition of the role that the promoter sector is playing in the European market". And to be part of it you need to meet certain requirements, such as EBITDA, liquidity, reporting, geography and listing. The threshold for inclusion is set at €150 million in free float terms.
The new reference index will be calculated monthly and will be revised twice a year: in April, with data from the end of March; and in October, with data from the end of September. At the same time, two other secondary indicators have been launched, one focused on homebuilders and the other covering developers with a total free float of more than 500 million euros.
