GRIVALIA PROPERTIES Α.Ε.Ε.Α.Π.
Eurobank Properties REIC entered FTSE ERPA/NAREIT Global Real Estate Index - Significant Recognition for the Company
Greece''s largest Real Estate Investment Company, Eurobank Properties REIC, announced today its inclusion to the FTSE EPRA/NAREIT Global Real Estate Index, effective as of 18 December 2006. This particular index is considered as benchmark from the majority of the investment community, including 326 companies and is calculated on a daily basis by Euronext Indices B.V.
Eurobank Properties REIC is the first Greek Real Estate Investment Company that has been included, commencing today, to the global stock exchange index; this important milestone increases not only reputation and recognition of the Company, but also creates ambitions for further successes in the near future, stated Mr. Aristotle Karytinos, executive member of the Boards of Directors and member of the Investment Committee of Eurobank Properties REIC.
The EUROPEAN PUBLIC REAL ESTATE ASSOCIATION (EPRA) is a non-profit association primarily focused on promoting the European quoted real estate sector. Members are real estate companies, such as British Land (UK), Klepierre (France), IVG Holding (Germany) and Rodamco (Holland), investment banks, such as CitiGroup, Deutsche Bank, Merrill Lynch, Morgan Stanley and Henderson Global Investors, and pension funds such as Phillips Pension Fund.
The NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT) is the national trade association for REITs and publicly traded real estate companies in the United States. Members are real estate investment trusts (REITs) and other businesses that own, operate and finance income - producing real estate.
FTSE is a joint venture between Financial Times and the London Stock Exchange and is world-leader in the creation and management of indices.
In October 1999 the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment introduced the EPRA/NAREIT Global Real Estate Index and in February 2005, FTSE assumed the calculation of the aforementioned index which was renamed FTSE EPRA/NAREIT Global Real Estate Index.
The FTSE EPRA/NAREIT Global Real Estate Index is categorized into six index families, covering Asia Pacific, Europe and North America and incorporates a total of 60 indices.
The FTSE EPRA/NAREIT Global Real Estate Index is based on the following rules:
1) Total Free Float Market Capitalisation > 50 m. Euros.
2) Total 3 months traded value > 25 m. Euros.
3) At least 75% of the EBITDA of the Company included in the index should derive from relevant real estate activities in Europe (commercial real estate development and property management).
Indicative, it is noted that on December 8, 2006, the FTSE EPRA/NAREIT Global Real Estate Index had a total market cap more than 657 billion Euros.
Eurobank Properties REIC is the first Greek Real Estate Investment Company that has been included, commencing today, to the global stock exchange index; this important milestone increases not only reputation and recognition of the Company, but also creates ambitions for further successes in the near future, stated Mr. Aristotle Karytinos, executive member of the Boards of Directors and member of the Investment Committee of Eurobank Properties REIC.
The EUROPEAN PUBLIC REAL ESTATE ASSOCIATION (EPRA) is a non-profit association primarily focused on promoting the European quoted real estate sector. Members are real estate companies, such as British Land (UK), Klepierre (France), IVG Holding (Germany) and Rodamco (Holland), investment banks, such as CitiGroup, Deutsche Bank, Merrill Lynch, Morgan Stanley and Henderson Global Investors, and pension funds such as Phillips Pension Fund.
The NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT TRUSTS (NAREIT) is the national trade association for REITs and publicly traded real estate companies in the United States. Members are real estate investment trusts (REITs) and other businesses that own, operate and finance income - producing real estate.
FTSE is a joint venture between Financial Times and the London Stock Exchange and is world-leader in the creation and management of indices.
In October 1999 the European Public Real Estate Association (EPRA) and the National Association of Real Estate Investment introduced the EPRA/NAREIT Global Real Estate Index and in February 2005, FTSE assumed the calculation of the aforementioned index which was renamed FTSE EPRA/NAREIT Global Real Estate Index.
The FTSE EPRA/NAREIT Global Real Estate Index is categorized into six index families, covering Asia Pacific, Europe and North America and incorporates a total of 60 indices.
The FTSE EPRA/NAREIT Global Real Estate Index is based on the following rules:
1) Total Free Float Market Capitalisation > 50 m. Euros.
2) Total 3 months traded value > 25 m. Euros.
3) At least 75% of the EBITDA of the Company included in the index should derive from relevant real estate activities in Europe (commercial real estate development and property management).
Indicative, it is noted that on December 8, 2006, the FTSE EPRA/NAREIT Global Real Estate Index had a total market cap more than 657 billion Euros.