The 74th Meeting of the Managing Committee of the European Property Federation (EPF) took place at Bucharest, on June 2nd. During this meeting, the leaders of the EPF, representing owners of € 1.5 trillion of real estate assets, gave the highest priority to expanding the federation throughout Central and Eastern Europe.
“Most Central and Eastern European countries have no more than an association for home owner occupiers and small residential landlords. Yet, as EU law impacts more and more areas crucial to real estate, these countries need strong associations representing the biggest residential and commercial players. EPF cannot defend their EU interests without them and we also need them to help us get the support of their governments and Members of the European Parliament”, said John R. Frederiksen, EPF President and Chairman of the Danish Property Federation, commenting on the initiative.
“For EPF, RABO is the benchmark real estate association among the ‘new’ member states. It has become a major contributor to practically all EPF efforts, be they on energy efficiency, the environment or planning law. We are grateful that Liviu Tudor has accepted to lead our expansion effort”, added John R. Frederiksen.
Liviu Tudor has a 25 years’ experience in business and over 17 years in real estate and commercial properties, and is one of the leading owners of office spaces in Romania. He has been a member of the Board of EPF starting with 2011, when RABO was founded.
“The main purposes are the same for all players: to inform policy makers and drive the economic prosperity to their countries. Without a collective voice, the real-estate industry will develop in different directions, no matter how much effort everybody makes. For example, we cannot ignore the fact that there are common difficulties in many European countries and that for an investor, transparency of all legal procedures concerning the real estate market goes a long way. This is why EPF was founded: to represents all aspects of property ownership and investment”, said Liviu Tudor, Romanian Association of Building Owners and Vice-Chairman of the Managing Committee of the EPF.
EPF (European Property Federation): EPF represents all aspects of property ownership and investment: residential landlords, housing companies, commercial property investment and development companies, shopping centres and the property interests of the institutional investors (banks, insurance companies, pension funds). Its members own property assets valued at € 1.5 trillion, providing and managing buildings for the residential or service and industry tenants that occupy them. www.epf-fepi.com
RABO (Romanian Association of Building Owners): RABO is the first organization reuniting top leading local and international property investors operating in Romania, and aims to foster a sound, transparent and stable economic framework, governed by EU-level norms and standards. Its policy agenda includes a strategic vision for developing a harmonized EU property market, combined with practical solutions to speed up market recovery and thus yield sustainable industry growth. The organization works closely with industry leaders, other local and EU-level organizations, in order to ensure a harmonized framework for property investments, new developments, real estate financing, energy efficiency, social inclusion and environmental protection. www.rabo.org.ro
