The Property Council of Australia and MSCI are embarking upon a new ten year agreement to produce the Property Council of Australia/IPD Australia Quarterly Property Index.
The Property Council of Australia/IPD Australia Quarterly Property Index is Australia’s leading and most credible direct property index. The index was established by the Property Council in 1984 and provides a broad measure of investment returns for property in Australia.
“We are delighted to continue our long association with MSCI as the ongoing rigour and quality of the Index is vital for our market to remain a world leader in transparency,” Ken Morrison, Chief Executive of the Property Council of Australia said.
Maarten Broek, Vice President, Client Coverage, Real Estate, APAC, MSCI said the agreement with the Property Council ensured that the Property Council of Australia/IPD Australia Quarterly Property Index remained an essential part of MSCI’s global suite of research-based indexes and analytics.
“This is a respected index that provides market participants deep insights into the different drivers of property across Australia,” Mr Broek said.
‘The index database is comprised of property assets with a combined asset value of $176 billion representing 1,400 assets.
“We are thrilled to continue our association with the Property Council of Australia and this vital index.
“The index is respected globally and we are determined to ensure it continues to be a vital tool for markets participants.”
Participants in the Property Council of Australia/IPD Australia Quarterly Property Index include real estate investment trusts, unlisted wholesale property funds, unlisted retail property funds, property syndicates, private investors and the public sector. The Index details total return, income return and capital return for office, retail, industrial and other sectors on a quarterly basis.
For more information contact: Paul Ritchie on [email protected]