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International Property
Measurement Standards
Tom Pienaar, Head of Corporate Affairs, Americas
Why we exist To advance and enforce standards in land, property and the
built environment, and to promote the usefulness of the
profession for the public good
Promoting excellence in professional standards
Our global footprint
1. Europe (ex UK) 13,018
2. Asia 15,300
3. Africa 4,192
4. Middle East 11,019
5. Americas 3,899
6. Oceania 5,921
7. UK 125,061
8. India 813
Members hold an individual credential
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Over 112,000 members and candidates and 65,000 students.
RICS members: across the property lifecycle
Financing
Acquisition / planning &
development
Construction
Leasing
Management and
maintenance
Disposal
Thought leadership: research and content
Client-focused content
• Corporates
• Government asset
managers
FM Research agenda: 2013-2015
Public Sector Asset Management: International Best Practices,
February 2016
Raising the Bar: Enhancing the Strategic Role of Facilities Management,
Professor James Ware, Paul Carder, The Occupiers’ Journal, November
2014
RICS Strategic FM Case Studies, 1st Edition, April 2014
Measuring Facility Management Performance Through Customer and
Employee Engagement: A Framework for Improving Customer
Perception of Service Delivery, Matthew Tucker, Liverpool John Moores
Uni. April 2014
Raising the Bar: City Roundtables, Paul Carder and Professor James
Ware, Occupiers Journal, January 2014
The Sustainable Urban Retrofit Evaluation (SURE) Project for Global
Commercial Buildings Using Melbourne as a case-study, Sara
Wilkinson, Deakin University, February 2013
Evaluation of Investment in Solar Energy, Baabak Ashuri, Georgia
Institute of Technology, February 2013
IPMS
International Standards and Real Estate
Measurement Standards are the missing link for consistency and
transparency
IFRS
IVS
Agreed International Standard for Property Measurement
Standard Setting Committee
Experience in 47 countries
Businesses and users of property measurement have been
voicing their support…
Dubai becomes first Government to
adopt IPMS
In September 2014 Dubai became the first government to
officially endorse IPMS and commit to its adoption.
Dubai’s endorsement of IPMS was a core theme in their
successful bid to host Expo 2020.
RICS Property Measurement
1. RICS Property Measurement for Professionals (applies to office measurements
only)
2. IPMS: Office Buildings – Full text (applies to office measurements only)
3. Code of measuring practice, 6th edition (currently applies to all building classes
except offices).
What the IPMS Converter?
► A tool to help accelerate
the adoption of IPMS.
► An aid to allow
experimentation with the
standard.
► An online repository for
IPMS Office
Measurements.
► In early stages – more
local measurement
standards to be added
according to demand.
Logging into IPMS Converter
An online tool which converts IPMS Office measurements to local
standards.
Best Measurement Practice
CAD or BIM
Floor Area
Drawings/Site
Floor-by-Floor
IPMS 1
IPMS 1 is used for
measuring the area of a
Building including external
walls. In some markets it
can be used by parties for
planning purposes or the
summary costing of
development proposals.
Use
IPMS 1: The sum of the
areas of each floor level of
a Building measured to the
outer perimeter of external
construction features and
reported on a floor-by-floor
basis.
Definition
IPMS 1
IPMS 2 – Office (Use)
IPMS 2 can be used to provide
data on the efficient use of
space and for benchmarking by
parties such as;
asset managers
brokers
cost consultants
facility managers
occupiers
owners
property managers
researchers
valuers.
IPMS 2 – Office
IPMS 2 - Office: The sum of
the areas of each floor level of
an office Building measured to
the Internal Dominant Face
and reported on a Component-
by-Component basis for each
floor of a Building. In many
markets, but not universally,
this is known as Gross Internal
Area.
Definition
IPMS 3 – Office (Use)
IPMS 3 can be used by
parties such as;
agents and
occupiers
asset managers
facility managers
property managers
researchers
valuers
IPMS 3 – Office
IPMS 3 – Office: The Floor
Area available on an
exclusive basis to an
occupier, but excluding
Standard Facilities and
shared circulation areas,
and calculated on an
occupier-by-occupier or
floor-by-floor basis for each
building.
Definition
What’s next?
• Pilots
• Global Public Sector Asset Management
Research (roundtables around the world)
We want to partner with you on these to
help drive best practices and new norms!
