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INREV / Henley Certificate in European Non-Listed Real Estate Investment

The INREV Academy is dedicated to the development of the next generation of non-listed real estate professionals. As a result, INREV and Henley Business School have come together to offer the INREV / Henley Certificate in European Non-Listed Real Estate Investment.

About the certificate

The INREV Academy is setting the educational standards for the industry.

INREV and Henley Business School have come together to offer the INREV / Henley Certificate in European Non-Listed Real Estate Investment. Non-listed real estate professionals who wish to take their studies further can sign up as a Certificate holder and obtain an exemption towards the Henley Business School MSc in Real Estate Investment and Finance. 

The Certificate will be issued by Henley Business School (University of Reading) to students who attend five of the relevant existing INREV Academy training courses and successfully pass an assessment in the form of a written report.

To obtain the Certificate, participants will need to enrol in one of the two curricula (learning paths) on offer: either Portfolio Management or Corporate Finance. Each curriculum consists of three mandatory courses and a number of elective courses. Participants will need to attend a total of five courses: three mandatory, and two from any of the other courses from the offering.

The INREV Academy conducts over 30 expert-led courses each year. The courses are available in a variety of formats, from classroom learning to online Zoom sessions, so you can access expert-led training from anywhere in Europe.

Kindly note that courses offered in the eLearning format (INREV Foundation Course, ESG Essentials and Ten Pillars of Real Estate Best Practice) are excluded from the INREV/Henley Certificate programme.

A participant who decides to obtain certificates for both the Corporate Finance and Portfolio Management curricula will need to attend a total of 10 courses, as no course can contribute towards both curricula.

Annual curriculum review

The Certificate is supervised by a Certificate Board, comprising representatives from INREV and Henley Business School, to ensure the education programme is regularly monitored and assessed. Every year the Certificate Board will meet to discuss and consider any potential changes or updates to the Certificate programme. An updated Corporate Finance track was launched in early 2023.

Assessment

After completing the five courses, each participant must take an assessment in the form of a written report within three months.

Henley Business School will assess the written report and provide feedback within a month of receiving it.

In order to obtain the Certificate, participants must obtain a pass mark in the assessment. If they fail the assessment in the first instance, it may be re-taken within two months.

Attendees will be expected to analyse a case study using real data, showing their ability to combine the application of notions and analytical/qualitative tools to solve a real problem.

Henley University of Reading

Curriculum

HENLEY building blocks

 

Portfolio Management Curriculum

The certificate holder will gain an understanding of the assessment of return and risk, and develop skills in portfolio construction and management. This curriculum is particularly useful for participants who want to further their knowledge relating to the non-listed real estate industry, through a better understanding of the analytical and qualitative tools that can help improve the risk-adjusted performance of non-listed real estate vehicles.

Corporate Finance Curriculum

The Corporate Finance curriculum allows you to gain an understanding of (debt) financing, valuations and reporting for non-listed real estate, and how to evaluate investment opportunities across different products. This curriculum is particularly useful for participants who want to further their knowledge of investment analysis and fund reporting, thus enhancing their ability to add value in finance-oriented roles within the fund management industry.

View courses

Henley University of Reading

Admission and prerequisites

Participants need to have a Bachelor’s degree or equivalent in order to enrol in the Certificate programme. Exemptions will be considered on an ad-hoc basis, if the participant has relevant work experience in the field.

The five courses must be taken within 36 months of the date of the first course undertaken, and participants can apply to enrol for the Certificate at any time during this period.

Exemptions for MSc Real Estate Investment & Finance

If Certificate holders apply for and are admitted to the MSc Real Estate Investment and Finance at Henley Business School (University of Reading), they can obtain an exemption of 20 credits for each curriculum towards the relevant module in the MSc programmes Corporate Finance and/or Portfolio Management. The MSc title will then be awarded on the basis of the average mark achieved in the remaining eight (or seven) modules necessary to complete the programme (normally consisting of nine modules for a total of 180 credits).

If you need more information about the exemption for the MSc programme at Henley Business School (University of Reading), please contact PG-REP-Admin@reading.ac.uk.

Henley University of Reading

Fees and registration

Certificate Fees

Participants who wish to enrol for the Certificate must pay INREV an administration fee of €175 and a course fee of €350 for each online course, €650 for each 1-day live course and €900 for each 1,5-day live course they attend. For a list of mandatory and elective courses, see 'Curriculum'.

In addition, students will pay an examination fee of €300 before submitting their assessment. The fee for reassessment is reduced to €150.

Registration

To register for the Certificate, please complete the registration form below and share it with academy@inrev.org

Participants must also register individually for each mandatory or elective course via the INREV website. 

View courses

Henley University of Reading

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FAQ

What qualifications do I need to be able to study for the Certificate?

Participants need to have a Bachelor’s degree or equivalent. However, exemptions will be treated on an ad-hoc basis, if the participant has relevant work experience in the field.

Grandfathering rule

Those who have already attended any of the qualifying courses in the past 3 years will be able to include them in the certificate, as long as all five courses are taken within three years.

Can the Certificate be used to contribute to any other qualifications?

Yes, Certificate holders who apply for and are admitted to the MSc Real Estate Investment and Finance at Henley Business School (University of Reading) can obtain an exemption of 20 credits for each curriculum towards the relevant modules in the MSc programmes Corporate Finance and/or Portfolio Management.

What are the current fees for enrolling in the Certificate?

Participants pay INREV an administration fee of €175 and the fee for each individual course. In addition, they will pay an examination fee of €300. See details under 'Fees' in the side menu.

How do I register for the Certificate?

To register for the Certificate, please complete the registration form below and share it with academy@inrev.org

Participants must also register individually for each mandatory or elective course here.

Contacts

For information on the INREV/ Henley Certificate and training courses contact academy@inrev.org. T +31 (0)20 235 8615

For information on the assessment and exam, contact Gianluca Marcato, Professor of Finance and Real Estate at g.marcato@henley.reading.ac.uk, T  +44 (0) 118 378 8178

Henley University of Reading

Alumni

To date, there are around 50 industry professionals who are working towards the certificate and over 70 graduates who have already received their certification, with more set to graduate throughout the course of the year. Below you’ll find the latest list of alumni:

2023

name company

Stephane Campori

Alter Domus

Idriss Wahangni Nana

Deloitte

Beate Lyhs

DWS

Thibault Vlietinck

PGIM Real Estate

Nicola Franceschini

UBS Asset Management

Daniel Schuster

Zürich Beteiligungs-AG

Robert Fairfax

Barings

Steven Evans

Savills Investment Management

Matthijs van der Vaart

a.s.r. Real Estate

Benjamin Launay

Amundi

Stuart Hope

Grosvenor

Roland van der Schoot

Vesteda

Mike Hasselgren 

Urban Partners

2022

name company

Tatiana Hickman

abrdn

Oscar Fusco

APG Asset Management

Yasmina El Jahiri

AXA Investment Managers

Isabell Steurer

Bayerische Versorgungskammer

Dion van Kempen

Bouwinvest Real Estate Investors

Iiro Nurkkala

Catella

Stefan Sielias

CBRE

Florian Parche

Invesco Real Estate

Ultan Carroll

IPUT 

Alexander Hein

PGIM Real Estate

Denise Englschall

PGIM Real Estate

Emilie Walker

Pradera

Doortje Polen 

Savills Investment Management

Alex van der Schilden

ShieldCapital

Hugo van Ginkel

MN Services

 

2021

name company

Olle Overbosch

a.s.r real estate

Annemiek Kleinheerenbrink

Almazara I Real Assets Advisory

Torben Dunkel 

Aviva Investors Real Assets

Jan-Thijs Koster 

Bouwinvest Real Estate Investors

Jorrit Sennema

Bouwinvest Real Estate Investors

Tessa Teuwen

Bouwinvest Real Estate Investors

Scott Walker

CBRE Global Investment Partners

Eduard Bossauer

EY

Natalie Beck

EY

Charlotte Woods

Grosvenor Europe

Bastian Liebscher

Invesco Real Estate Europe

Carolin Schwindling 

Invesco Real Estate Europe

Monika Bednarz

LAGRANGE

Ramon Dijkstra

Russell Investment Group

Luc Toren 

Wealth Management Partners

Savaş Yigit Gencer 

7R SA

2020

name company

Jochen Pelz

Art-Invest Real Estate Funds 

Lars Bollharder

Asga Pensionskasse

Ricardo Roode

a.s.r real estate

Vinoo Khandekar

a.s.r real estate 

Karsten Hass

DWS Real Estate

Athina Schacher

Hines

Peter Megyeri

LGT Capital Partners

Luke Williams

Patrizia

René Otto Poulsen

PwC

Sebastian Eggert 

Signa Financial Services

Júlio Gomes

Sonae Sierra

Zachary Gauge

UBS Asset Management 

2019

name company

Joep Arts

Bouwinvest 

Laura Meindl

COREN Land Management

Ji Won Daunis 

Grosvenor Europe

Florian Kurth

HIH Real Estate

Asher Garnett

Legal & General Investment Management

Joni Sekula

Patrizia

Sebastiaan Blom

PGGM

Uday Vartak 

Prudential Portfolio Management Group 

Gijsbert Riemsdijk 

UBS Asset Management 

2018

name company

Robert Wagenaar

Bouwinvest   

Axel von Schwanebach

DWS Real Estate

Manfredi Campo

Optimum Asset Management 

Rudo Mulder 

Patrizia

Victoria Holdom

Bentall GreenOak

 

What members say

INREV training recommended

 

 

 

We’re proud to say that according to our annual member survey for the second year running, 100% of members surveyed said they’d recommend an INREV Academy training course. Are you interested in working towards achieving your INREV / Henley Certificate? Read the reviews from those who have put forward their employees for the certificate and those who have graduated or are still working toward the certificate on the benefits and their experiences.

'This certificate allows members to
stand out as they move forward in their
career. It gives you the upper hand in an
increasingly competitive world.‘
 

‘It was a pleasure to set up the INREV/Henley Certificate and every year we enjoy engaging with attendees in the delivery of key courses.'

 

‘The courses are easily accessible, either online or at different locations in Europe. I can smoothly complete my professional training alongside my regular work.'

MARTIN LEMKE, AM ALPHA
KAPITALVERWALTUNGSGESELLSSCHAFT
  GIANLUCA MARCATO, HENLEY BUSINESS SCHOOL   ISABEL SCHELLENBERG, HB REAVIS
         

‘‘At GARBE Institutional Capital we want to make sure that our colleagues have the room to learn and grow - both on the job and through training. The INREV/Henley Certificate is one of the cornerstone initiatives for this training - because it provides a good grasp of the “big picture” of our industry and the relevant technical knowledge to successfully manage institutional funds. 

 

‘The fusion of learning and networking within the most important non-listed real estate industry organisation is a great addition to your career. I thoroughly enjoyed completing my certificate and gained competitive knowledge that allows me to stand out in the industry.'

 

With this certificate you are able to demonstrate your knowledge and added value on the subject. All of the courses emphasise practical knowledge and hands-on learning, using real world examples and case studies. The combination with the business school adds a helpful academic component.’

THOMAS KALLENBRUNNEN, GARBE INSTITUTIONAL CAPITAL   STEFAN SIELIAS, CBRE   STAN BERTRAM, PGGM

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