Press Releases

The total value of real estate assets under management (AUM) reached €2.4 trillion in 2016, up 20.1% on the €2 trillion peak achieved the previous year, based on an increase in the sample size of the global Fund Manager Survey 2017. The joint report by INREV, ANREV and NCREIF, also revealed significant growth in the average AUM of the top 50 global real estate fund managers with a 14.9% uplift from €35.6 billion in 2015 to €40.8 billion.

The Netherlands posted the strongest non-listed real estate performance on record with total returns of 14%, according to the INREV Annual Index 2017. Despite this boost, annual returns across Europe dropped to 6.0% in 2016 from a nine-year high of 9.7% in the previous year. Much of the fall was driven by weaker performance in Q2 and Q3 which stemmed from much lower valuations in the UK during the turmoil of a Brexit referendum.

Marieke van Kamp,has been announced today as INREV’s new Chairman at the association’s Annual Conference in Berlin. As Head of Private Markets at NN Group, Van Kamp is responsible for the real estate, private equity and private loan portfolios of the NN insurance companies. NN Group is a leading Dutch insurance and investment management company that was created out of the ING Group, active in 18 countries.

INREV has announced that its CEO, Matthias Thomas, will be leaving the association in the autumn. Thomas, joined INREV as CEO in August 2010, and since then has continued to expand the association’s remit, introducing several key new initiatives, including focused public affairs; a global research agenda; and an expansion of the performance indices to add both quarterly and global indices. Over the past seven years, he has overseen the successful development and growth of INREV, which has seen corporate membership numbers reach 396 currently.

More than four fifths of fund managers raised capital for deployment through non-listed real estate vehicles in 2016, with investors committing a total of €122 billion – a modest 1.4% decrease on the previous year.

A minimum of €52.6 billion of capital is expected to be invested in global real estate during 2017. This represents a total average target allocation of 11.5% for investors - a gain of 1.5% from current allocations. These results from the global Investment Intentions Survey 2017, published today by INREV, ANREV and PREA, underline a continuing strong appetite for real estate among institutional investors, despite continuing global economic and geopolitical uncertainty.

14 December 2016, Amsterdam – Nearly 25% of European funds have experienced secondary trading, according to recent research published by INREV. The Secondary Trading and Liquidity Study reveals that secondary trading in both open end and closed end funds has become an established part of the overall real estate investment landscape, as opposed to a marginal activity. The market in secondary trading of units in non-listed real estate funds was worth around €9 billion in 2015. Between €2 billion and...

7 September 2016, Amsterdam – Seventy-two European non-listed funds are scheduled to terminate over the next two years, representing a total of €11 billion of NAV returning to the market, according to new research from INREV. The Fund Terminations Study 2016 found that 29 funds are terminating in each of 2016 and 2017, with a further 14 scheduled for 2018. These figures are down from the 2015 total of 36 funds, suggesting that terminations have now peaked following a bumper...

2 August 2016, Amsterdam – Investors are reaping the benefits of scale and diversification from investments in funds of funds which delivered a record total annual return of 18.7%. The latest Fund of Funds Study 2016, jointly published by INREV and ANREV, reveals the strongest performance for funds of funds to date, continuing a three-year upward trend. It highlights the relative attractiveness of these vehicles despite earlier indications from investors that they were their least preferred option in terms of...