Press Releases

Market participants display cautious approach to the future outlook 8 July 2020, Amsterdam – Results from the INREV Quarterly Index for the first quarter of 2020 reveal initial signs of the negative effects of the COVID-19 pandemic on the European real estate industry, with the lowest quarterly performance since Q4 2012. Total real estate returns dipped to 0.22% from 1.80% over the previous quarter, with capital growth slipping from 0.37% to -0.47% and distributed income falling from 1.43% to 0.68%...

Leading five managers exceed €100 billion each, while others rise up the rankings 03 June 2020, Amsterdam – Total global real estate assets under management (AUM) hit a record €3.2 trillion at the end of 2019, according to the Fund Manager Survey 2020, published today by ANREV, INREV and NCREIF. This year’s results reflect a sizeable rise of 15.7% on 2018’s tally of €2.8 trillion, despite the fact that a number of managers were unable to respond to the survey...

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...