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INREV’s position paper on ESMA Draft RTS and Guidelines on Liquidity Management Tools for funds

Chris Brown, Managing Director, Climatise and co-founder of the London Doughnut Economy Coalition, Lianne Hulsebosch, Sustainable Urban Development Strategist, City of Amsterdam, and Alice Teboul, ESG Manager Property Investments, Columbia Threadneedle explored how Doughnut Economics and the principles of the circular economy can be integrated into the built environment, fostering cities that respect both social and planetary boundaries. 
This event was organised in cooperation with AREF, BBP, BPF, IPF and REIF.

INREV response to ESMA consultation on Liquidity Management Tools for funds argued for principles based rules retaining investment managers’ discretion in the choice and design of LMTs and avoiding prescriptive measures.

INREV response to TNFD consultation on the draft sector guidance supports the LEAP approach, emphasising the importance of sections on nature-related impacts, risks, and mitigation strategies for real estate companies. INREV highlights the importance of clearer metrics, practical examples, and scalable implementation to ease financial and operational burdens, especially for smaller entities.

INREV response to the European Commissions Call for evidence on the evaluation of Anti-tax Avoidance Directive (ATAD). INREV calls for improvements to GAAR to address concerns, including the misuse of shell entities rather than adopting the proposed Unshell Directive. We urge that any changes be proportional to the benefits and consider the costs involved. INREV also highlights the need to account for the unique characteristics of the EU real estate investment markets when making adjustments to ATAD.

Jeroen Elink Schuurman, Partner & PwC Global Real Estate Tax Leader, and Tijmen Cabollet, Director Real Estate and Alternative Investments Funds, both from PwC, presented on how real estate funds and institutional investors are taxed in the European Union and what the future holds for cross-border real estate investments.

Download INREV's snapshot on the impact of the EU and UK elections on real estate regulation and tax policies.

Download INREV’s position paper on the FCA’s Consultation on Extending the SDR regime to Portfolio Management

On 12 June, INREV filed a response to the FCA consultation on Extending the SDR regime to Portfolio Management welcoming the FCA’s work in addressing the risks of greenwashing and increasing transparency in the sale and marketing of sustainability-related products.