5 February 2014
The International Valuation Standards Council (IVSC) has today announced that Colliers International has joined its growing list of sponsors, becoming the first property consultancy to provide financial support to the organisation since its restructuring.
David Faulkner, Executive Director, Colliers International comments:
“The International Valuation Standards have a vital role to play in ensuring the consistency and transparency of land, building and equipment valuations across the globe. Colliers’ sponsorship of the IVSC shows the company’s commitment to the further development of international standards and guidance, which will continue to increase our service quality and bring benefits to our clients.”
“Colliers operates out of 482 offices in 62 countries. All our professionals are committed to using the International Valuation Standards in all the markets where it undertakes valuations.”
Sir David Tweedie, Chairman of the IVSC Board of Trustees, welcomed the news saying:
“Support by the property sector is vital for the growth and development of a strong, effective and legitimate IVSC.”
“The IVSC was established in the early 1980s originally to support real estate markets. Although it has expanded to issue standards for other classes of asset and liability, real estate remains an extremely important global asset class. The IVSC will continue to develop high-level global valuation standards applicable to real estate to improve transparency and accountability and thus boost investor confidence in the sector.”