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International property measurement standards: Consultation
Posted on: 16 January 2014
By: mackene
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Filed under: News
The International Property Measurement Standards Coalition (IPMSC) was formed on 30 May 2013 after meeting at the World Bank in Washington DC. The Coalition aims to bring about the harmonisation of national property measurement standards through the creation and adoption of agreed international standards for the measurement of office, residential, industrial and retail property. This Consultation Document for the measurement of offices is the first prepared by the Coalition’s Standards Setting Committee. The aim of the Coalition is to enable properties to be measured on a transparent basis that promotes market efficiency through greater confidence between investors, occupiers and funds. The growth of cross‐border property investment and expansion by global corporate occupiers underpins the demand for transparency against the background of many differing national and local measurement conventions. Comments are requested by 4 April 2014.
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