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Global value of real estate assets under management grows to €2 trillion

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...

Non-listed real estate returns hit nine-year high

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...

First Milestone Achievement Begins Paving a Path to Global Reporting Standards

18 May, 2016 Amsterdam – With the participation of many of their volunteer members, NCREIF, PREA, INREV and ANREV are pleased to present Setting the Right Path for Global Real Estate Standards: Fee and Expense Metrics – Phase I Results – the first joint publication towards global reporting standards. The Setting the Right Path for Global Real Estate Standards: Fee and Expense Metrics – Phase I Results bridges gaps in terminology and associated definitions of the most common fees and...

INREV launches investor real estate performance index

20 April 2016, Vienna – INREV has today unveiled its Global Investor Real Estate Performance Index – a new index that tracks investor performance for the first time. Initial findings reveal an average real estate performance of 8.75% per annum between 2005 and 2014, which compares with 4.9% for investment grade bonds and 6.2% for global equities. The index enables investors across the world to track and benchmark their performance against their peers providing a 360 o perspective. It takes...

INREV appoints GIC’s Neil Harris as new Chairman

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...

Pension funds drive another record year of capital raising for non-listed real estate

A new record of €123.6 billion of fresh capital was raised for non-listed real estate in 2015 16 March 2016, Cannes – Pension funds gave non-listed real estate a resounding vote of confidence last year, contributing €57.3 billion (46.4%) of all new equity, according to the 2016 Capital Raising Survey, published today by INREV, ANREV and NCREIF. Insurance companies (14.6%) came second and sovereign wealth funds (10.8%) third. Interestingly, 2.6% (over €3 billion) of capital came from high net worth...