SAO PAULO, BRAZIL—The International Property Measurement Standard Coalition (IPMSC) notes the appointment of US-based Counselors of Real Estate (CRE) and Brazil based Secovi-SP as members of the international coalition.
The coalition, which is now represented by 22 professional and not-for-profit organizations from around the world, is working together to develop a single international standard for measuring property.
Currently, the way property assets—such as office, residential, retail and industrial—are measured can vary considerably from country to country. With so many different methods in use, it is difficult for global investors and occupiers to accurately compare space.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
