Due Diligence always
IQ spoke to Jaap van der Bijl, CEO at Altera Vastgoed and Amilcar Grot, Senior Portfolio Manager at Achmea Investment Management, former Chairs of the INREV Due Diligence Committee Read more
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INREV Guidelines: A Powerful framework for consistency
To a large extent, the INREV Guidelines underpin the entire purpose of the association. IQ caught up with Mike Hornsby, senior independent advisor and former member of INREV's Management Board and John Ravoisin from PWC, who is currently on INREV's Management Board, for their thoughts on the evolution of one of the most important aspects of the association’s work over the last 20 years. Read more
20 years of INREV
In 2023 INREV will celebrate its 20th anniversary. IQ takes a brief look at the journey so far and points to the road ahead. When a handful of investors and fund managers established INREV in 2003, the European non-listed real estate investment industry was in its infancy. Read more
Lifting the lid on AUM
Recently, the collaborative forces of INREV, ANREV and the NCREIF/PREA Reporting Standards completed a deep dive into assets under management (AUM). The exercise revealed some intriguing insights and IQ has delved into the latest chapter in the ever-evolving story of one of real estate’s key financial metrics. Read more
A Clearer Lens on Investor Reporting
Easy access to regular valuation, financing and cash flow information on a vehicle in a standard structure has helped advance the professionalism and further transparency in thenon-listed real estate industry. From its relatively opaque state ten years ago, the industry is now in a much clearer position with regard to the structure of holdings and how their performance is evolving over time. Read more
Future-proofing the INREV Guidelines
The INREV Guidelines sit at the core of the Professional Standards programme. The last major revision was carried out between 2012–2014. Over time, several adjustments or expansions were performed, driven by: Read more
Time for TGER
Since the start of this year, the Total Global Expense Ratio (TGER) has been required data for all those using the INREV Guidelines. This means that TGER disclosures should be provided for all reporting periods ending on or after 31 December 2020. Read more
Asset level sustainability project
As the threat of climate change comes ever closer, real estate investors and managers are increasingly embracing the sustainability agenda. In particular, the regulatory agenda in Europe is intended to steer capital flows in the direction of green investments and away from high-carbon investments. Investors are asking how their real estate assets are performing against sustainability objectives. Read more
The rise of virtual due diligence
As COVID-19 has come to restrict face-to-face meetings and international travel, this is having massive implications for how we all do business. Sylvia Slaughter, Senior Director – Fund Management at investment manager GLP, told IQ how this environment is impacting real estate fund due diligence and what innovations it is spawning could mean in the longer term. Read more
Tax conduct code proposed as new INREV Guidelines module
In recent years, investors and fund managers have increasingly focused on how tax structuring of investment vehicles fits within their social and corporate responsibilities. Many have adopted internal codes of tax conduct to guide how they make choices in this area. Read more