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Investors adjust allocations to real estate globally as market uncertainty continues

17 January 2024, Amsterdam – With ongoing macroeconomic uncertainty impacting the global real estate market in 2023, investor appetite for the asset class has slowed, with the gap between average current allocations and target allocations across Europe, Asia Pacific and North America, decreasing for the third year running. According to the 2024 Investment Intentions Survey – published today by ANREV, INREV and PREA – on a weighted AUM basis, the current average allocation to real estate globally is 10.6%, just...

Growing funding gap fuels ongoing investor move toward European real estate debt funds

15 November 2023, Amsterdam: Recent analysis of INREV data sources – including the INREV Debt Vehicles Universe and the INREV Quarterly Fund and Asset Level indices – reveals a rapidly changing landscape for the European non-listed real estate debt market. This evolution is marked by a current funding gap. Around €36 billion worth of assets expected to come to the market in the next ten years from the closed end fund liquidation pipeline in the INREV Vehicle Universe alone, and...

Slow correction continues for European non-listed real estate in Q2 2023

Negative performance driven by decline in capital growth and sharper correction for Germany and France. But investor confidence likely to return, given expected taming of inflation. 20 September 2023, Amsterdam: Performance of the European non-listed real estate market was characterised by a continued, slow correction in Q2 2023. According to the INREV Quarterly Fund Index the total returns hit -0.47%. This was driven by a decline in capital growth which dipped to -1.24%, marking the fourth consecutive quarter of negative...

Alliance of real estate associations launches first global diversified core open fund index

New index will further transparency and drive capital to non-listed real estate sector 12 July 2023, Amsterdam – ANREV, INREV and NCREIF have launched the first Global ODCE Index, which is the latest in a suite of global indices aimed at enhancing the transparency of the non-listed real estate investment industry. The new index focuses on open end diversified core equity funds across all three global regions. As a subset of the Global Real Estate Fund Index (GREFI), the Global...

Third quarter of negative performance for European real estate, but sentiment improves

14 June 2023, Amsterdam – The INREV Quarterly Fund Index once again highlighted weak performance for European non-listed real estate in Q1 2023, as governments tried to curb inflation and ongoing economic uncertainty continued to impact European real estate pricing and investor confidence. With a total return of -0.97% in Q1 2023 – this marked the third consecutive quarter of negative fund-level performance for European real estate. Capital growth declines were driving negative performance, however the pace of repricing slowed...

INREV appoints three new members to Management Board

7 June 2023, Amsterdam – INREV’s Management Board has appointed three new members, following approval from the association’s membership at its Annual General Meeting on 1 June. Joining the Management Board for the first time, are: Amilcar Grot, Achmea Investment Management Keith O’Donnell, ATOZ Jaap van der Bijl, Altera Vastgoed Amilcar Grot, who joins the MB as an investor representative, is a Senior Portfolio Manager in the International Real Estate unit at Achmea Investment Management. Prior to this, Grot worked...

Global real estate AUM reaches €3.9* trillion

Top 10 global managers account for €1.8 trillion AUM, while average AUM per manager increases sharply 17 May 2023, Amsterdam – Total global real estate assets under management (AUM) reached €3.9* trillion in 2022, second only to the 2021 year-end record high of €4.1 trillion. The Fund Manager Survey 2023, published today by ANREV, INREV and NCREIF, highlights continued growth with the average AUM for each manager reaching €33.4*billion at 2022 year-end, a notable increase on the €28.7 billion average...

Asia Pacific investors become primary source of capital for real estate globally 

19 April 2023, Amsterdam – In 2022, capital raising activity remained strong despite the uncertain market conditions, with €246 billion of new capital raised for investment in non-listed real estate globally. The Capital Raising Survey 2023, published today by ANREV, INREV and NCREIF, reveals only an €8 billion decline from the capital raised in 2021, when a record high €254 billion was raised following the height of the Covid-19 pandemic. This resilience comes in the face of sharp market deterioration...

Global study from INREV, PRI and ULI helps real estate navigate through growing myriad of ESG regulations and reporting standards

Wednesday 12 April. A ground-breaking global study by a partnership of industry bodies has mapped out the evolving landscape for global ESG regulations and reporting standards relevant for real estate. Their report provides the industry with a practical guide on how to navigate the myriad of ESG regulations, standards and certifications. Mapping ESG: A Landscape Review of Certifications, Reporting Frameworks and Practices was led by the European Association for Investors in Non-Listed Real Estate Vehicles (INREV), the Principles for Responsible...