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Briefing on how to launch and operate a Reserved Investor Fund (RIF), following establishing of the first RIF in July 2026. A panel of experts, including Tony Page, Policy & Technical Adviser, Collective Investment Schemes at HM Revenue & Customs, discussed the practical experience of launching a RIF, emerging pipeline projects and the benefits of the structure for real estate investment. 

This event is organised in cooperation with Real Estate:UK and the Investment Association.

An update on the SFDR review with Heike Schmitz, Herbert Smith Freehills Kramer, Abigail Dean, Nuveen Real Estate, and Aleksandra Njagulj, Sustineri Partners. The briefing provided an overview of the current status of the SFDR review and the evolving policy debate in Brussels. It explored the implications of the proposed changes for the non-listed real estate sector and consider their practical impact on market participants.

During the Guidelines Consultation briefing, Mike Bessell, Chair of the Operational Real Estate Committee, explained why operational real estate is being incorporated into the INREV Guidelines and the thinking behind the proposed framework.

INREV canvassed views from the membership to assess the dynamics and business-oriented implications for the industry. View our Market Insights and Sentiment and Valuation reports now. 

The Global Real Estate Fund Index (GREFI) is jointly produced by INREV, ANREV and NCREIF and measures the performance of non-listed real estate vehicles on a global scale.

Please send feedback to bert.teuben@inrev.org, daisy.huang@anrev.org, or ddierking@ncreif.org

The GREFI is an index showing the performance of non-listed real estate funds on a global scale. The GREFI is updated on a quarterly basis and is published 12 weeks following the quarter end.

The aims of the GREFI are to improve transparency of real estate as an asset class and to help our members make better informed investment decisions. As an industry, it is vital that we work towards being able to make robust global and intra-regional comparisons.

This initiative represents the integration of three member-driven non-profit organisations to meet the data collection and information needs of their expanding global activities, and to serve as the basis for further collaboration in the future.

• EU progresses on several regulatory files, e.g. MISP, SFDR, Tax Omnibus and DAC recast
• FCA consults on UK AIFM Regime
• German Ministry of Finance: European Court of Justice Nova judgment does not apply to the German rules