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The IRR Index measures the since inception internal rate of return performance of European closed end non-listed real estate vehicles. Performance is measured net of fees and costs, and is computed on both a pooled return basis and an equally weighted basis. 

The seminar focuses on the benefits of digital transactions, tokenisation in action – how to develop and implement this process with a real life case study as well as how we can realise tokenisation in non-listed real estate investments.

Vanessa Muscarà, Head of Research & Strategy at Europa Capital, Charles Conrath, Head of Strategy & Analytics at QuadReal Property Group and Connor van Leeuwen, Research and Analytics Analyst at INREV discuss the recent capital raising trends into non-listed real estate vehicles by region, investment strategy, style and structure.

This paper focuses primarily on how blockchain and tokenisation can impact nonlisted real estate investments, be it when making investments into funds or individual assets.

The Country-by-Country Tax and Regulations Guide has just been updated and is available on the INREV website. Anne-Jet Klaver, Senior Associate Tax at PwC in Amsterdam presents an overview of the most significant changes in the past year.

The Index is wholly comprised of open end core commingled equity real estate funds that have a strategy to invest across pan Europe and across multiple sectors. Funds must comply with a strict eligibility criteria for four consecutive quarters in a row to be included in the index.

The research results provide a clear overview of each component considered by investment managers used to calculate AUM and reflects the main differences in approach.