Stichting ROZ Vastgoedindex Nederland and the IPD Group are to integrate their operations to provide a more comprehensive and efficient service to the Dutch property investment community.
ROZ Performancemeting BV, ROZ's subsidiary dedicated to the delivery of performance measurement services, will be incorporated into IPD Netherlands, IPD Group's recently-established Dutch platform. This agreement builds naturally upon the long standing partnership between IPD and Stichting ROZ Vastgoedindex Nederland.
The 15-year partnership between IPD and ROZ is the longest collaboration in the Group's history, resulting in the launch of the ROZ / IPD Netherlands Annual Property Index in 1995 the first institutional property investment index established by IPD in mainland Europe. The integration of ROZ Performancemeting BV consolidates IPD's role in the Netherlands and enhances the Group's global market coverage.
The combined IPD Netherlands operation will provide a wide-ranging property information service for the entire Dutch real estate investment industry, enabling more responsive and efficient client servicing across institutional investors, social housing corporations, care institutions, municipalities, property managers and financiers.
IPD now operates in 23 of the world's most mature property investment markets, measuring more than 50,000 assets worldwide worth circa $1.1 trillion1. The Netherlands commercial real estate and social housing Databanks encompass together more than 18,000 properties worth over 121 billion. In addition, IPD Occupiers covers circa 70,000 buildings within the benchmarked estates in the UK and France.
Stichting ROZ Vastgoedindex Nederland will continue to represent the shared interests of the Dutch institutional property investment community in the ROZ/IPD Property Index. In this role, Stichting ROZ will collaborate closely with IPD Netherlands, supervising the use of the information provided by participants, monitoring service quality and in negotiating the commercial restrictions of the service representing the collective of participants.
After the integration of ROZ Performancemeting BV, IPD Nederlands Managing Director Arnoud Vlak and ROZ Associate Director Mirande Waldmann will sit on the IPD Netherlands team of directors. Together with the board of Stichting ROZ Vastgoedindex Nederland chaired by Henk Hilverink, they will work to insure an alignment of interests between the individual participants, the ROZ foundation and the IPD Group. An Advisory Board consisting of leading persons representing the several participants groups will monitor IPD Netherland's activities.
In a further announcement, Aart Hordijk Director of ROZ Foundation and ROZ Performancemeting BV has stepped down from his role. Hordijk has played a crucial role in the development of ROZ and the ROZ/IPD Property Index for more than 15 years. He will continue to do so as one of the Netherland's most senior academics focusing on the property industry and will continue to work closely with the IPD Group on the ongoing harmonization of local and international valuation guidelines to improve the comparability of global property investment.
Henk Hilverink, Chairman of Stichting ROZ Vastgoedindex Nederland, said: "The take-over by IPD creates one single Dutch IPD platform which offers better continuity for our clients as far as staff and systems are concerned. Even more the new organization will benefit from IPD's continuously expanding and diversifying worldwide network."
Laurent Ternisien, Group Managing Director at IPD, said: "This is an important acquisition for IPD and is the second in the Netherlands in the last eight months, following the integration of aeDex last June. Crucially, through the combination of ROZ and aeDex into the Group, IPD Netherlands will be uniquely well placed to service the needs of the Dutch property investment community.
"I believe that working more closely together we can build on the quality of our reporting as well as improve our responsiveness and innovation for the be
