BM&FBOVESPA and the Getúlio Vargas Foundation (FGV) have rolled out a profitability index for the Brazilian real estate sector. The General Index for the Real Estate Market – Commercial (IGMI-C) was created by the Brazilian Institute of Economics (Ibre/FGV) with the sponsorship and support of 26 bodies representing companies in the financial and real estate sectors and pension funds.

The index aims to become a profitability reference for commercial real estate, such as offices, hotels, shopping malls and others, contributing greater transparency to investors as regards price formation for buying, selling and rental. The new index is evaluated from information supplied by a group of participants that involve institutional investors and companies linked to the real estate sector.

Click here for the release from BM&FBOVESPA.