20 April, Vienna – Neil Harris, Senior Vice President at GIC Real Estate International has been announced as INREV’s new Chairman at the association’s Annual Conference currently taking place in Vienna.
Neil becomes the first representative from a sovereign wealth fund to take this role, which is traditionally filled by an institutional investor.
A Chartered Surveyor with over thirty years’ experience in European real estate, he joined GIC in May 2007, taking responsibility for a team managing a diverse portfolio of direct and indirect investments. Headquartered in Singapore, GIC is one of the world's leading sovereign wealth funds.
Outgoing Chairman Patrick Kanters is stepping down from the Management Board after serving a full term of six years. Noel Manns, Principal at Europa Capital, has also served the maximum term and will step down too, though he will continue to play an active role as Chair of the INREV Fund Manager Advisory Council.
Joining the Management Board are Isabelle Scemama, Head of Funds Group at AXA Investment Managers - Real Assets (“AXA IM - Real Assets”) and CEO of AXA REIM SGP; and Guido Verhoef, Head of Private Real Estate at PGGM.
Isabelle has over 25 years of industry experience, more than eleven of which she spent at BNP Paribas before joining AXA IM - Real Assets in 2001. She is a member of the Management Board of AXA IM - Real Assets and also heads up the Funds group, looking after €25 billion of assets across a number of business lines.
Guido joined PGGM Investments in 2008 and is responsible for managing its €11.5 billion global portfolio of private real estate investments. He is a member of INREV’s Investor Advisory Council, and sits on the boards of the Association of Institutional Property Investors in The Netherlands (IVBN) and Amvest Management.
Commenting on the appointments, Matthias Thomas, INREV CEO, said: “Neil, Isabelle and Guido all bring a fantastic range of knowledge and experience to their new roles and we’re delighted to have them on board. We are also extremely grateful to both Patrick and Noel for the enormous contributions they have made – and will continue to make – to INREV. I’m looking forward to working with Neil and the rest of the board as we continue to champion non-listed real estate and map the future direction of our industry.”
– Ends –
For further information, please contact:
Johlyn da Prato, johlyn.da.prato@inrev.org, +31(0)20 2358603
Justin St Clair-Charles, justin.scc@firstlightpr.com, +44 (0)20 3617 7233
Aimen Chouchane, aimen.chouchane@firstlightpr.com +44 (0)7835 900 201
Notes to editors:
About INREV
INREV, the European Association for Investors in Non-listed Real Estate Vehicles, was launched in May 2003 to act for investors and other participants in the growing non-listed real estate investment industry.
As a forum for the sector, INREV increases the transparency and accessibility of non-listed vehicles, promotes professionalism, clarifies best practice, and shares and spreads knowledge.
INREV currently has 383 members drawn from leading institutional investors, fund managers, banks and advisors across Europe and elsewhere. In 2015, 40 new members joined INREV.
The non-profit association is based in Amsterdam, the Netherlands.
For further information, please visit www.inrev.org
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