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| News / CEMP 2006 |
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| EPRA collaborates with Barcelona Meeting Point for the first time |
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| Tuesday, 18 July 2006 |
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The European Public Real Estate Association (EPRA) is a common interest group, established as a not-for-profit body under Dutch law in October 1999. EPRA has its offices in the World Trade Center located at Schiphol Airport, Amsterdam. EPRA's members include the majority of the leading real estate companies and investment institutions in Europe. The active participation of the members' senior executives, ensures EPRA is a genuinely representative forum and policy-making body. The quality of membership is crucial to fulfilling the Association’s mission.
Governance
The Association is governed by its members through a management board of 25, of which at least 60% must be from real estate companies. This management board delegates executive powers to an Executive Board, which has nine members.
Mission
The mission statement of EPRA is to promote, develop and represent the European public real estate sector. EPRA’s strategy states that, “EPRA will endeavour to establish standards of “best practice” in accounting, reporting and corporate governance; to provide high-quality information to investors; and to create the framework for debate and decision-making on the issues which determine the future of the sector”.
Objectives
The success of EPRA is based on the four working committees, which bring together people from different countries, traditions, cultures and sections of the real estate community. The objective of the Association is to harmonise standards, to integrate workings and to synthesize a single European quoted real estate sector. On a free rotating basis, volunteer professionals with multi-disciplinary backgrounds, give their best efforts to help achieve EPRA's common goals, so well expressed in the mission statement. |
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