The International Property Measurement Standards Coalition (IPMSC) is a group of professional and not-for-profit organisations from around the world, committed to the development and implementation of an international standard for property measurement.
At Plowman Craven, we understand how important it is to apply a set of standards which ensure a consistent Area Referencing survey approach for all clients and we are pleased to be incorporated as an IPMS Partner to the Coalition.
As a trusted name in area measurement, we feel that the introduction of the IPMS:Offices will deliver a consistent basis of area referencing and measurement for all portfolios regardless of their location, and enables us to report building sizes globally on a like for like basis without duplication of effort.
What is IPMS:Office?
An attempt to standardise property area referencing measurement globally. At present each country has its own standard with very little commonality between these standards, meaning comparison on a like for like basis is near impossible. Recent research by JLL suggests that depending on the method used a property’s floor area measurement can deviate by as much as 24%.
What does IPMS:Office mean?
A standardised property measurement across the globe allowing for growth of cross-border property investment with a clear standard. It will result in consistent terminology, sub-categorisation of areas and will allow comparison of IPMS with local standards.
Plowman Craven is a leader in area referencing and, regulated by RICS, our teams have a reputation for expertise, accuracy, rapid response and delivery. If you want to learn more, contact our Area Referencing specialists.