EPRA’s annual awards reflecting adherence to its best practice recommendations (BPR) for company reporting handed out 124 prizes at the annual conference in Madrid, reflecting 87% of EPRA’s membership by market capitalisation.
A total of 175 companies were reviewed, with a record 80 gold awards given.
This compares favourably to the year the awards started, 2015, when just 60 awards were distributed from an analysis of 106 firms, representing just 71% of membership by market capitalisation, EPRA said.
To calculate the winners, a detailed primary review of annual reports was conducted by Deloitte real estate assurance teams from seven countries: UK, Germany, Belgium, the Netherlands, France, Spain and Sweden. The evaluation was performed based on a lengthy questionnaire organised in conjunction with the latest EPRA BPRs as released in November 2016.
‘As this year’s annual conference is taking place in Madrid, we are happy to report the significant progress made by the Spanish entities over the last four-year period,’ said Helena Redondo, partner, Deloitte Spain. ‘The results of this year’s EPRA survey show that EPRA BPR have become a standard for Spanish Real Estate companies with 8 companies, out of nine surveyed, receiving an award.’
Some 70% of companies in this year’s survey gained an award. The final result was 80 gold awards, 31 silvers and 13 bronze medals. The prize for most improved annual report went to Swden’s Fabege and GMP Property Socimi.
EPRA said that 10 companies reviewed in last year’s survey moved up and gained a higher award, generating six new gold awards, three new silver awards and one new bronze award, compared to last year.