Global Property Research has chosen the preliminary constituents of the GPR 250 Index series, which will become effective on 20 September.

The index is a free float weighted index that tracks the performance of the 250 leading and most liquid property companies worldwide.

Only companies with a free float market capitalisation above USD50m and a free float percentage of at least 15 per cent are eligible.

The companies being included in the GPR 250 Index are Emira Property Fund (South Africa), Resilient Property Income Fund (South Africa) and Inmobiliaria Colonial (Spain). TOC (Japan) is to be excluded.

For the GPR 250 Reit Index, Ascott Residence Trust (Singapore) is to be included, while VastNed Offices/Industrial (Netherlands), Goodman Property Trust (New Zealand) and Frasers Commercial Trust (Singapore) are being excluded.