Press Releases

New Memorandum of Understanding will enhance collaboration and harmonisation across the non-listed real estate industry globally. 12 May 2020, Amsterdam – INREV, ANREV and NCREIF have signed a Global Alliance Memorandum of Understanding (MoU) to advance the global agenda of transparency, accessibility and professionalism and increase harmonisation across the non-listed real estate industry. The alliance brings together the major industry bodies of Europe, Asia Pacific and the US. The MoU demonstrates the commitment of the European, Asian and US markets...

Money-weighted metric for closed end funds provides better comparability with other asset classes

Managers and investors likely to reappraise real estate strategies in face of pandemic 15 April 2020, Amsterdam – Real estate investment managers recorded a bumper year for capital raised globally in 2019, reaching a new high of €201.3 billion. The Capital Raising Survey 2020, published today by ANREV, INREV and NCREIF, also highlights a significant uptick in the volume of equity raised specifically for non-listed vehicles – increasing from €154.8 billion in 2018 to €196.4 billion in 2019. A substantial...

Industry Increases global transparency and comparability

17 January 2020, London – Institutional investors have signalled a greater appetite for risk in the year ahead, according to the global Investment Intentions Survey 2020, published today by INREV, ANREV and PREA. Twenty percent of global investors investing in Europe – including a majority of those domiciled in the region – cited ‘opportunity’ as their preferred investment style. This is up from 9.8% last year and marks the highest percentage since 2009.

3 December 2019, Amsterdam – New research reveals a divergence of non-listed real estate total expense ratios (TER) between Asia Pacific and Europe. According to the INREV / ANREV Management Fees and Terms Comparison Study 2019, the average TER for non-listed real estate funds in Asia Pacific is 1.04% on a gross asset value basis (GAV) before performance fees, compared to 0.86% in Europe. The disparity also exists when TER is calculated on a net asset value (NAV) basis.

09 September 2019, Amsterdam – The INREV Funds Termination Study 2019 reveals that 50 European closed end non-listed real estate funds are scheduled to terminate by 2021, releasing a potential €13.2 billion of assets back into the market. By 2028, 97 funds are expected to have terminated, representing €23 billion of net asset value (NAV). Most terminations are likely to take place in 2020, accounting for a total of 23 funds. Those funds terminating in 2021 show the strongest 12-year...

22 May 2019, Amsterdam – The Fund Manager Survey 2019, published today by INREV, ANREV and NCREIF, reveals a 12.0% increase in global real estate assets under management (AUM) reaching a total of €2.8 trillion in 2018. For the first time in the survey’s history, the largest manager breached the €200 billion mark, while all three of the top ranking managers exceeded €140 billion each.

25 April, Amsterdam – INREV’s pan-European annual Asset Level Index has recorded a total return of 10.23% in 2018. The new index reveals robust overall performance with capital growth of 5.74% and an income return of 4.27%. This release of the index reflects data from 6,038 assets with a total combined AUM of €151.6 billion, covering around 20 countries and all key real estate sectors. The results point toward the underlying strength and resilience of the non-listed real estate investment industry in Europe.