The Property Council of Australia and the Urban Land Institute (ULI) yesterday announced a strategic alliance intended to boost Australia’s access to international thinking on urban and real estate issues.
The aim of the alliance is to foster a more informed, transparent, efficient and respected real estate market place in Australia and the Asia Pacific region, said Property Council chief executive, Peter Verwer.
“The Asian century is also the urban century and Australia needs to be at the forefront of new thinking and leading practice on urban issues,” Mr Verwer said.
“There is no more respected global urban and real estate thought leader than the Urban Land Institute and we are proud to be forming this alliance with them.
“This alliance will open up a powerful exchange of ideas on urban issues, providing members with opportunities to participate in stimulating study tours and creating a platform for joint research projects.”
A Memorandum of Understanding between the two organisations was signed by Property Council national president, Darren Steinberg and Simon Treacy, chairman, ULI South Asia in front of 500 people at the Property Congress at Sydney Town Hall today.
ULI is a research and education institute established in 1936 with over 30,000 worldwide members representing all aspects of land use and development disciplines.
The Property Council of Australia is the representative of the $600 billion property industry in Australia.