Winners of the European Public Real Estate Assignment Gold Award

September 14, 2019
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This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Merlin Properties, Colonial Real Estate, Lar España Real Estate and GMP Property have won the European Public Real Estate Assignment (Epra) Gold Award, which implies compliance with the established 80% financial reporting.

The Spanish socimis, financial compliance award

Merlin Properties, Colonial Real Estate, Lar España Real Estate and GMP Property have won the Gold Award, the highest distinction awarded by the European Public Real Estate Association (Epra).

The entity rewards companies that apply good practices based on six criteria: income, assets and liabilities, compliance with International Financial Reporting Standards (Niif), initial investment, occupancy rate and cost-benefit ratios. The Gold Prize implies compliance with financial reporting of 80%, the Silver Prize, between 60% and 80%, and the Bronze Prize, between 50% and 60%.

Uro Property Holdings and Vbare Iberian Properties have won the Silver Award, repeating the qualification obtained in the last year. Castellana Propreties and Albirana have achieved this recognition in their first participation in the study.

In total, the Spanish Socimis members of the Epra have reached a joint market capitalization close to 13,000 million euros. “Spanish companies have made significant progress over the past four years,” says Helena Redondo, partner responsible for Corporate Governance and Sustainability at Deloitte.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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September 14, 2019

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