Propelled by the shared desire of organisations, governments, companies and professionals to build a global language for measurement, of the built environment, the new harmonised International Property Measurement Standard (IPMS) titled IPMS All Buildings.
The International Property Measurement Standards Coalition (IPMSC) comprises more than 80 property organisations representing hundreds of thousands of property professionals globally. Each Coalition Member has nominated a Trustee to represent their organisation on the Board of Trustees. The following Executive Committee of 15 represents the Board Trustees.
IPMS has been created by an independent group of currently 18 experts from 11 countries, the International Property Measurement Standard is a global open-source standard aimed at creating a uniform approach to measuring all building types.
At a time of unprecedented challenge for all real estate professionals the need for transparency and consistency in measurement of the built environment has never been greater. Ambiguities around space make it difficult for global investors and occupiers to make informed business decisions on space requirements. Data and technology are playing an increasingly central role in driving benchmarking and performance measures, so an International Standard for Measurement is critical at the outset.
IPMS All Buildings provides the foundation for incorporation into and adoption of building measurement conventions in the many global jurisdictions and governmental requirements. It facilitates the interface between the major differences in the historic conventions of those many global jurisdictions. A fundamental requirement of IPMS is the ability to translate measurements of properties locally and throughout the globe whereupon buildings are measured uniformly, for comparisons, one with another
IPMS All Buildings supersedes all previously published IPMSC standards for individual asset classes by utilising the concepts and objectives contained in those specific versions of IPMS into one harmonised standard.
IPMS All Buildings is applicable to all types of Buildings independent of their use or their occupation.
- Mr Marc Grief for preparation of the diagrams for the IPMS superseded asset standards.
- Mr Tom Pugh and Hollis Global for the preparation of the diagrams used in IPMS All Buildings
- The Australian Property Institute for publishing IPMS All Buildings.