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Due Diligence Committee

Goal

To encourage the standardisation of investor due diligence in non-listed real estate vehicles.

Key objectives

  • Ongoing review and update of the INREV due diligence questionnaires to meet the evolving information needs of the sector and discusses other issues related to the due diligence process. This includes the sharp rise in demand for information on issues such as a fund managers’ expertise in risk management and compliance.
  • Promotion of the DDQ, support implementation and help the questionnaires becoming industry standard

 

Committee members

Name Company Country
Jaap van der Bijl (Chair) Altera Vastgoed The Netherlands
Remco Rothkrantz (Vice-Chair) CBRE B.V. The Netherlands
Adrian Bamert Pensimo Management Switzerland

Austin Mitchell

TH Real Estate

United Kingdom
Chris Goodeve-Ballard Aon Hewitt Ltd. United Kingdom
Dirk Bootsma PATRIZIA Immobilien The Netherlands
John Harding BlackRock  United Kingdom
Richard Swart PGGM The Netherlands
Sophie Chateau

LBO France 

France 

Thomas Gsaenger Allianz Real Estate GmbH Germany

 

RELATED DOWNLOADS

INREV Due Diligence Questionnaires (DDQ)  

Published on 24 Jul 2018

The INREV Due Diligence Questionnaire (DDQ) assists investors and consultants in the due diligence process to understand a fund manager’s structure, strategy and non-listed real estate business. It also gives insight in a specific vehicle’s strategy, risk processes, management, terms and projected performance. With it, investors can determine, in principle, whether a proposal fits their investment objectives.

DDQ was updated in July 2018. New version reflects the feedback received from INREV members during a two-month consultation period.

Due Diligence Data Room Guidelines  

Published on 25 Aug 2016

The Due Diligence Data Room Guidelines is an additional tool prepared by INREV to make the due diligence process more effective. This framework aims to provide guidance under the form of a table of contents and not to impose a rigid structure.

Operational Due Diligence Framework 2016  

Published on 25 Aug 2016

During INREV´s open committee meeting in 2015 the topic was raised to develop further guidance on operational due diligence (ODD). The DD committee agreed and started an investigation. One of the first conclusions was that it is hard to standardise ODD because it is in large parts driven by local jurisdiction (of the investor). Therefore our purpose was to develop a general framework which could help buyers and sellers to better organise their ODD processes. As a result we developed the Operational Due Diligence Framework.

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