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Research highlights regional differences in total expense ratios

3 December 2019, Amsterdam – New research reveals a divergence of non-listed real estate total expense ratios (TER) between Asia Pacific and Europe. According to the INREV / ANREV Management Fees and Terms Comparison Study 2019, the average TER for non-listed real estate funds in Asia Pacific is 1.04% on a gross asset value basis (GAV) before performance fees, compared to 0.86% in Europe. The disparity also exists when TER is calculated on a net asset value (NAV) basis.

Market anticipates release of €13 billion real estate assets by 2021

09 September 2019, Amsterdam – The INREV Funds Termination Study 2019 reveals that 50 European closed end non-listed real estate funds are scheduled to terminate by 2021, releasing a potential €13.2 billion of assets back into the market. By 2028, 97 funds are expected to have terminated, representing €23 billion of net asset value (NAV). Most terminations are likely to take place in 2020, accounting for a total of 23 funds. Those funds terminating in 2021 show the strongest 12-year...

Annual Asset Level Index reveals double-digit returns

25 April, Amsterdam – INREV’s pan-European annual Asset Level Index has recorded a total return of 10.23% in 2018. The new index reveals robust overall performance with capital growth of 5.74% and an income return of 4.27%. This release of the index reflects data from 6,038 assets with a total combined AUM of €151.6 billion, covering around 20 countries and all key real estate sectors. The results point toward the underlying strength and resilience of the non-listed real estate investment industry in Europe.

Gap between actual and target allocations to real estate narrows dramatically

Investors still set to hike commitments, in defiance of late cycle 10 January, London – Current average allocations to real estate increased to 10.0% from 8.9% in 2018, against an increase in target allocations from 10.2% to 10.4%, significantly narrowing the gap between the two for the first time, according to the global Investment Intentions Survey 2019, published today by INREV, ANREV and PREA. However, global institutional investors remain bullish about real estate indicating their intention to place a minimum...

Spezialfonds outperform German inflation despite a dip in German non-listed real estate vehicles in Q3

12 December 2018, Amsterdam – INREV’s German Vehicles Quarterly Index for Q3 2018 recorded a slowdown in performance of German vehicles. Overall returns fell to 0.74% compared to 1.06% the previous quarter, bringing the 12-month rolling return to 4.02%. The downturn was largely driven by slower capital growth at 0.37%, dropping off from 0.50% in Q2 and 1.01% in Q1 2018. Spezialfonds still robust The Spezialfonds sector has tripled in size over the past eight years and has persistently outperformed...