[fullwidth background_color=”” background_image=”https://www.logical.ie/wp-content/uploads/2016/03/blueprints-dark.jpg” background_parallax=”fixed” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”solid” padding_top=”60px” padding_bottom=”60px” padding_left=”0px” padding_right=”0px” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_text]

International Property Measurement Standards

An Overview of the New International Property Measurements Standards in Practice

[/fusion_text][/fullwidth][fullwidth background_color=”#ededed” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”solid” padding_top=”60px” padding_bottom=”60px” padding_left=”0px” padding_right=”0px” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””]

[fusion_text]

Introduction

The SCSI has followed in the footsteps of the RICS and voted in favour for all members to implement the new International Property Measurement Standards (IPMS) when undertaking or commissioning a property area measurement from 1^st February 2016. The purpose of the IPMS is to add consistency and confidence in the property market. The new international standard is a welcomed change and will help ensure all stakeholders receive a comprehensive schedule of areas for their relevant property. At present the IPMS standards only apply to office buildings with new standards for all other uses planned for the future. One of the main differences is the referencing to the schedule of areas i.e.[/fusion_text][fusion_text]

IPMS 1	supersedes Gross External Areas (GEA)
IPMS 2 – Office	supersedes Gross Internal Areas (GIA)
IPMS 3 – Office	supersedes Net Internal Areas (NIA)

[/fusion_text]

[fusion_text]

What Logical Real Estate Consulting can do for you!

The IPMS is required when there is a physical change to your property and also including; new investments, agreeing rent, valuations, insurances, service charges or preparing refurbishment costs. With rapid changes to the property market and in particular the uplift in demand for office space in Dublin and other major cities, accurate and reliable area measurements will be essential to all stakeholders. As Chartered Building Surveyors, Logical Real Estate Consulting can provide a full in-house service to deliver independent, precise and accurate area measurement surveys to meet your specific requirements.[/fusion_text][separator style_type=”none” top_margin=”20″ bottom_margin=”” sep_color=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”” class=”” id=””][imageframe lightbox=”no” gallery_id=”” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ animation_offset=”” hide_on_mobile=”no” class=”” id=””] [/imageframe]

[/fullwidth][fullwidth background_color=”#ef483f” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”solid” padding_top=”60px” padding_bottom=”60px” padding_left=”0px” padding_right=”0px” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_text]

Key Changes to a Property Professional

The standards now refer to a ‘Service Provider’. A Service Provider – is any entity providing real estate advice to a User (Property Professional, Owner-Occupier, Developer, Investor, Purchaser, Vendor, Landlord or Tenant).

The following information will be provided to a user receiving an Area Reference Schedule;

The IPMS Standard used, for example IPMS 1, IPMS 2 – Office and IPMS 3 – Office
The method of measuring, for example a laser measure / tape
The unit of measurement, for example square feet or meters
The measurement tolerance, for example the tolerance of the laser meter – 0.02mm
The date of the measurement
IPMS measurements supported by CAD drawings
CAD drawings cross referenced with appropriately coloured spreadsheet
CAD drawings should be cross referenced with appropriately coloured spreadsheet
The main entrance of the building should be shown on the plan

[/fusion_text][/fullwidth][fullwidth background_color=”#ffffff” background_image=”” background_parallax=”fixed” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”solid” padding_top=”60px” padding_bottom=”60px” padding_left=”0px” padding_right=”0px” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_text]

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.

[/fusion_text][separator style_type=”single” top_margin=”20″ bottom_margin=”40″ sep_color=”#e2e2e2″ border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”” class=”” id=””][fusion_text]

IPMS 1: is the same for all classes of buildings

[/fusion_text][separator style_type=”single” top_margin=”20″ bottom_margin=”10″ sep_color=”#ffffff” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”” class=”” id=””]

[fusion_text]Inclusions in the Floor-by-Floor area (to the outer face of the external walls)

External Walls
Sanitary Accommodation
Lifts & Stairwells
Circulations Routes

[/fusion_text]

[fusion_text]Other Areas to be included (however stated separately)

Balconies
Covered Galleries
Roof Terraces & Roof Top Plant / Motor Rooms
External Pilasters

[/fusion_text]

[fusion_text]Exclusions

Open Light Wells or upper level voids of atriums
Open External Stairs
External Grounds, Patios, Decking, Car Parking etc.

[/fusion_text]

[separator style_type=”single” top_margin=”20″ bottom_margin=”20″ sep_color=”#e2e2e2″ border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”” class=”” id=””]

[imageframe lightbox=”yes” gallery_id=”” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”up” animation_speed=”0.1″ animation_offset=”” hide_on_mobile=”no” class=”” id=””]

[/imageframe]

[/fullwidth][fullwidth background_color=”#ededed” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”solid” padding_top=”60px” padding_bottom=”60px” padding_left=”0px” padding_right=”0px” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_text]

IPMS 2 – Office

The sum of the areas of each floor level of an office building
measured to the Internal Dominant Face and report on a
Component-by-Component basis for each floor of a building.

[/fusion_text][separator style_type=”single” top_margin=”20″ bottom_margin=”40″ sep_color=”#ffffff” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”” class=”” id=””][fusion_text]

IPMS 2 – Office: is for office buildings only

[/fusion_text][separator style_type=”single” top_margin=”20″ bottom_margin=”10″ sep_color=”#ededed” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”” class=”” id=””]

[fusion_text]Inclusions calculated on a Component-by-Component basis (to the Internal Dominant Face of walls)

Internal Walls
Columns
Circulation Routes
Covered void areas such as atria are only included at their lowest level

[/fusion_text]

[fusion_text]Other areas to be included, however stated separately (to the outer face of the external walls):

Balconies
Covered Galleries
Roof Terraces
External Pilasters

[/fusion_text]

[fusion_text]Exclusions

Open light wells of upper level voids of atriums
*External Grounds, patios, decking, car parking etc.

[/fusion_text]

[separator style_type=”single” top_margin=”20″ bottom_margin=”20″ sep_color=”#ffffff” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”” class=”” id=””]

[/imageframe]

[/imageframe][imageframe lightbox=”yes” gallery_id=”” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”up” animation_speed=”0.1″ animation_offset=”” hide_on_mobile=”no” class=”” id=””]

[/imageframe]

[/fullwidth][fullwidth background_color=”#ffffff” background_image=”” background_parallax=”fixed” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”solid” padding_top=”60px” padding_bottom=”60px” padding_left=”0px” padding_right=”0px” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_text]

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.

IPMS 3 – Office: is for office buildings only

[fusion_text]Inclusions calculated on a Component-by-Component basis (to the Internal Dominant Face of walls)

Internal Walls within the occupants exclusive area
Columns within the occupants exclusive area
Circulation Routes
Covered void areas such as atria are only included at their lowest level

[/fusion_text]

[fusion_text]Other areas to be included, however stated separately (to the outer face of the external walls):

Balconies
Covered Galleries
Roof Terraces

[/fusion_text]

[fusion_text]Exclusions

Standard facilities

[/fusion_text]

[/imageframe]

[fusion_text]

* Images sourced from International Property Measurement Standards – Office Buildings – IPMS Coalition – March 2016

[/fusion_text][/fullwidth]