After its successful IPO on Friday April 15, German residential real estate company GSW Immobilien AG has entered the FTSE EPRA/NAREIT Developed Europe Index. The company passed all eligibility criteria for the Fast Track Index inclusion.
Philip Charls, CEO of EPRA commented: "We welcome GSW to the EPRA Europe Index. The inclusion increases the market capitalization and visibility of both the company and the EPRA Index going forward. We are particularly pleased that this growth comes from the German market. The untapped potential of the listed real estate sector in Germany is vast, and we are certainly keen on seeing many more German companies following the GSW example."
The EPRA index is the leading global benchmark and most widely used investment index for listed real estate. The total number of constituents in the index, after the GSW inclusion, stands at 83. They represent a free-float market capitalization of approx. 95 billion. The ground-rules for index inclusion are publicly available on the EPRA website.