MILAN-Italian real estate research executives from six major international realtors, in the enlarged working group Italy Research Forum that aims to boost market transparency, have released their first joint document, analyzing the office market. The group was started by an initiative of Cushman & Wakefield and Jones Lang LaSalle in 2003 and during the last five years has been reinforced by the adhesion of other main operators – BNP Paribas RE, CB Richard Ellis, DTZ and Savills.

“The aim of the forum is to exchange and compare non-sensitive data, information and opinions regarding market trends, in order to achieve greater transparency in the main Italian real estate market sectors,” the group said in a release. “The starting point is a platform of common and fundamental definitions objectives include an extension to cover Rome as well as Milan office, and to subsequently look at Italian domestic retail and logistics markets, which are both shared and homogeneous.”

The enlarged IRF made a first combined presentation in June at the European Real Estate Society annual meeting in Milan. Company representatives in IRF are Mirko Baldini - CB Richard Ellis, Claudia Buccini – Cushman & Wakefield, Raffaella Pinto – Jones Lang LaSalle, Valentina Puleio - BNP Paribas Real Estate, Rezarta Tasellari - DTZ, and Susan Trevor-Briscoe – Savills. IRF objectives include an extension to cover Rome as well as Milan office, and to subsequently look at Italian domestic retail and logistics markets.