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Real estate investors set to move up the risk curve in 2020

17 January 2020, London – Institutional investors have signalled a greater appetite for risk in the year ahead, according to the global Investment Intentions Survey 2020, published today by INREV, ANREV and PREA. Twenty percent of global investors investing in Europe – including a majority of those domiciled in the region – cited ‘opportunity’ as their preferred investment style.  This is up from 9.8% last year and marks the highest percentage since 2009.  

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). 

Italian Investor Universe dominated by Pension funds

The latest version of the Investor Universe Study focuses on Investors domiciled in Italy. The study explores real estate's role in the Italian institutional investment market, describing the overall investment landscape as well as investigating investors' motivations for holding real estate, and the ways these are being implemented. 

Key highlights of the Italian Study include: