31 October 2012 — The Property Council of Australia and the Urban Land Institute have signed a Memorandum of Understanding to boost Australia’s access to international thinking on urban and real estate issues. It was signed by Property Council national president Darren Steinberg and ULI South Asia chairman Simon Treacy at the Property Congress at Sydney Town Hall on 31 October. Property Council chief executive Peter Verwer said the alliance would foster a more informed, transparent, efficient and respected real estate marketplace in Australia and the Asia Pacific region. “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,” he said. “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.”