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Performance Measurement Committee


To define standards of performance measurement for non-listed real estate vehicles, to support the creation of suitable indices for peer-to-peer and market comparison and to further increase transparency and accessibility to non-listed real estate industry.


The committee ensures the ongoing robustness of the existing INREV indices, ensuring the quality, accuracy and completeness of data and helping to increase the coverage and representation of the indices. The committee advises on the creation and development of new indices to meet the needs for greater transparency and on the improvement and development of analytical tools that accompany the suite of market information. 

The committee plays an active role in promoting and further developing consistent Performance Measurement best practice, leading the development of the Performance Measurement module in the INREV Guidelines and contributing to the Performance Measurement training course. 

Committee members

Name Company Country
Julia Ashford (Chair) PATRIZIA AG United Kingdom
Britta Nielsen  KGAL Germany
Zara Walsh IPUT plc Ireland
Alex Macri Cromwell Property Group United Kingdom
Guillaume Lau Swiss Life Asset Managers (FM) United Kingdom
Pankaj Maharjan Quadreal Property Group Canada
Henri Vuong PGIM Real Estate United Kingdom
Hoang Pham Nuveen Real Estate United Kingdom
Tilman Hickl H2i Assetmanagement GmbH Germany



INREV’s market information suite

INREV’s market information suite – indices, vehicles universes and online interactive analysis tools – support all aspects of the real estate investment process, from asset allocation to performance measurement. They allow peer-to-peer and market comparison to further increase transparency and accessibility for the non-listed real estate industry.

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