The International Property Measurement Standards Coalition (IPMSC) has selected 19 real estate experts from around the world to join its Standards Setting Committee to develop a global standard for measuring property. Currently, the way property assets are measured can vary considerably from country to country, making it difficult for global investors and occupiers to accurately compare space. The implementation of a global property measurement standard would create consistent measurement, increased global financial stability, more accurate and consistent financial reporting, stronger investor confidence and a more transparent marketplace.
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