As of Monday June 20, the FTSE EPRA/NAREIT Developed Europe index will include three new components: IVG (Germany), Mobimo (Switzerland), and Wallenstam (Sweden) all passed the required eligibility criteria during the Index's June Quarterly Review.
Together, the three companies will add a combined real estate portfolio valued at approximately 8.5 billion, including offices, residential and retail real estate. These additions not only expand the index, they also contribute to its geographical diversification and reinforce its attractiveness for investors further.
Philip Charls, CEO of EPRA commented: "This review's new inclusions are very positive for both the companies and the EPRA index. Bearing in mind our overall objective is the continued growth of the listed real estate sector, the increased visibility and market capitalization that will result from this expansion of the index are most welcome."
The EPRA index is the leading global benchmark and most widely used investment index for listed real estate. After the three inclusions, the index stands at 85 constituents and includes the leading property companies of 16 European economies. These represent a free-float market capitalization of approx. 100 billion. The ground-rules for index inclusion are publically available on the EPRA website: www.epra.com/indices_ground_rules.jsp
Source: EPRA 
