11 October 2017, Amsterdam – Usage of the INREV Guidelines rose to 96% in 2017, according to the association’s recent Member Satisfaction Survey.
Originally developed in 2005, the INREV Guidelines have been adopted by growing numbers of investors and investment managers to help them improve performance and risk management. The Guidelines form part of a growing suite of initiatives designed to promote effective, consistent and detailed management reporting. In 2016, INREV introduced standards for Performance Measurement, Sustainability Reporting; and the Guidelines Assessment Tool was launched, which measures compliance and enables benchmarking on an ongoing, data-driven basis.
Further results from the survey showed that there was strong uptake of other key professional standards initiatives, too. For example, the Due Diligence Questionnaire is now being used by 63% of members, while usage of the Global Definitions Database is 54%, and that of the Standard Data Delivery Sheet is 43%.
These results reflect the continuing contribution that the professional standards team delivers for members. Maurits Cammeraat, who has been INREV’s Director of Professional Standards since 2014, is due to leave the association in December this year to pursue a new post at a Dutch tech company focused on real estate.
Cammeraat has played a pivotal role in progressing all of INREV’s professional standards initiatives. He has driven the increasing globalisation of the INREV Guidelines – a move which has been widely welcomed by members, 96% of whom support a continuation of this approach. He has also pioneered the creation of the Global Definitions Database in conjunction with INREV’s members and partner associations in the US and Asia.
Marieke van Kamp, INREV Chairman, said: ‘Maurits has made a significant contribution to INREV over the years. We have benefited greatly from his clear-sighted approach to raising standards across the board within the industry. He will be much missed, but we wish him well for the next chapter of his career.’
INREV remains committed to increasing the uptake of the Guidelines and to continuing to work towards the creation of global standards.
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For further information, please contact:
Justin St Clair-Charles, inrevteam@firstlightpr.com | +44 (0) 7769 64 059
Hannah Thompson, inrevteam@firstlightpr.com | +44 (0) 7875 292187
Notes to Editors
About INREV
INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, was launched in May 2003 as a forum for investors and other participants in the growing non-listed real estate vehicles sector. The association represents and reflects an industry with a total value of €2.1 trillion and INREV members deliver €300 billion of stimulus to the real economy of Europe.
INREV members include around 75 of the largest institutional investors as well as 40 of the 50 largest real estate fund managers, plus banks and advisors across Europe and elsewhere. Forty new members joined INREV in 2016.
The non-profit association is focused on increasing the transparency and accessibility of non-listed vehicles, promoting professionalism and best practice, and sharing knowledge. INREV currently has 403 corporate members.