4th Mar 2016 11:09
LONDON (Alliance News) - Kennedy Wilson Europe Real Estate PLC and Empiric Student Property PLC on Friday said they have been notified by the European Public Real Estate Association that they will be added to the FTSE EPRA/NAREIT Global Real Estate Index Series as of March 21.
This comes after they "successfully satisfied the required eligibility criteria" during the Index's March 2016 Quarterly Review.
"Our inclusion in the EPRA index is further recognition of the progress made by the company and will benefit all shareholders. We are very pleased to have reached this milestone as we celebrate two years since our successful IPO," Kennedy Wilson's Chief Executive Mary Ricks said in a statement.
"The board is pleased that the company will be added to the EPRA Index which is widely followed by global real estate investors and should assist in continuing to broaden the company's investor base and the liquidity of our shares," Empiric's Chief Executive Paul Hadaway said in a separate statement.
Shares in Kennedy Wilson were trading up 3.5% at 1,175.00 pence on Friday morning, while Empric shares were up 0.7% at 112.00 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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