EPRA Annual Report Survey 2010/11
Befimmo wins ‘Most Improved Annual Report’ in EPRA annual report survey
In conjunction with European Public Real Estate Association (EPRA), Deloitte is delighted to present a report on the findings of our review of the annual reports of 83 listed real estate companies across Europe. The annual reports of the 83 members of the FTSE EPRA Developed Europe Index were reviewed and appraised for compliance with the EPRA Best Practices Recommendations (BPR). The BPR have been streamlined and refocused during the year and the spotlight is on the EPRA Performance Measures, which are at the heart of EPRA’s drive to achieve consistency and transparency in reporting of KPIs across the European listed real estate sector for the benefit of investors.
“We are very pleased with the increasing uptake of our BPR which is now the industry standard for KPIs. Listed property companies have really demonstrated leadership through high quality, transparent and comparable reports and we are confident that these efforts will have a real impact in attracting more investment into the sector.”
Philip Charls, Chief Executive, European Public Real Estate Association (EPRA)
Based on the results of the review, companies were accredited with Gold, Silver and Bronze awards. Companies in 8 out of the 14 countries represented by members of the Index received an award, with British property companies dominating, winning five out of the 9 Gold awards presented. Gold awards were won by British property companies: The British Land Company PLC; Capital Shopping Centres Group PLC; Hammerson PLC; Land Securities Group PLC; SEGRO plc; Finnish firm Citycon Limited; Germany company Alstria Office REIT AG and Belgium property companies: Befimmo (Sicafi) and Cofinimmo NV/SA. In addition, 9 property companies were awarded Silver and 11 Bronze awards.
Belgium real estate company Befimmo has been presented with the award for ‘Most Improved Annual Report’.