Press Releases

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...

18 July 2016, Amsterdam - The European Association for Investors in Non-Listed Real Estate Vehicles (INREV) has launched new indices measuring the annual and quarterly performance of Spezialfonds, Publikumsfonds and other vehicle types domiciled in Germany. INREV has been supported by the German Investment Funds Association (BVI), who have contributed their data and market insight to the initiative. The recently-published INREV German Vehicles Index 2016 includes historical BVI data on German-based non-listed real estate vehicles dating back to 2001. Since...

Monday 27 June 2016, London - Policymakers need to ensure that future regulation of the banking industry and other sources of finance does not undermine the positive contribution that commercial real estate (CRE) debt makes to the European economy. A new report from APL, CREFC Europe, INREV and ZIA1 demonstrates that debt, as a principal component of CRE capital, facilitates the contribution that the real estate industry makes to the European economy. Of the estimated EUR2.1 trillion of invested CRE...

6 June 2016, Amsterdam – Fund managers across North America, Europe and Asia Pacific were collectively responsible for real estate assets worth €2 trillion (gross) in 2015, according to the INREV/ANREV/NCREIF Fund Manager Survey 2016. This total is more than 10% higher than the €1.8 trillion total recorded in 2014. The survey shows that the ‘urge to merge’ is alive and well in the industry, with one in five fund managers saying they have been involved in M&A activity over...

1 June 2016, Amsterdam – The performance of non-listed real estate accelerated in 2015, with total returns up to 9.7%, from 8% in 2014, according to INREV’s latest Annual Index. Last year’s total return is the highest seen since 2006. Overall returns were boosted by the particularly strong performance of value added funds, which rose to 14.2%. Core funds also registered an improved return of 9%, while closed end (10.7%) slightly outperformed open end funds (9.3%). Once again the UK...