Chapter 3

INREV Priorities
2018

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INREV works towards its goals through several committees and focus groups, each with a clearly defined purpose. INREV’s work for the year is driven by a set of priorities/value drivers. An update on the key achievements under the 2018 priorities are set out below.

Priorities 2018

Key achievements

Expand and improve European and global indices

  • Published 24 index publications
  • Launched an IRR index
  • Increased the INREV Quarterly Index coverage back to Q2 2000
  • At the end of 2018 the Asset Level Index surpassed €100 billion target with support of 32 founding members
  • Launched intuitive asset level tool for seamless data collection and analysis
  • Snapshots and excel supplements launched to complement all index publications

Further develop standards and increase adoption globally

  • Introduced TGER, the first globally comparable measure of fees and costs
  • Launched a revamped DDQ with German and Japanese version
  • Global ESG library made available
  • Advanced global standards
  • Tailored guidelines for multiple vehicle types accessed by the introduction of online filters

Advance research programme

  • Record numbers achieved for all evergreens, with Management Fees and Terms most outstanding improvement
  • Started revision of Investor Universe studies
  • 9 research papers published: 6 evergreens and 3 ad-hoc
  • Presentations on European non-listed real estate given to 8 leading universities
  • Robust national and international press coverage

Influence the discussion with European policy makers

  • Published a revised version of ‘Real Estate in the Real Economy’
  • Engaged with many MEPs and organisations including the Chairman of EIOPA in discussion about Solvency II Capital requirements
  • 3 consultations/industry responses including statement on guiding principles for future EU-UK relations
  • A strong Brexit theme in discussions with members at events, trainings, courses and briefings
  • 11 Tax and Regulatory Briefing calls on a wider range of issues
  • Continued to play a leading role in the European Real Estate Forum
  • 9 press interviews and articles including an interview with Bloomberg

Inspire, educate and inform

  • 24 events organised, 10 young professional events and several Brussels events
  • INREV events were attended by 2374 delegates in 2018
  • Another highly successful Autumn Conference
  • 15 training courses held
  • INREV educational activities were attended by 989 delegates in 2018
  • Increased social community – 28% more followers in 2018 on Twitter
  • Robust press coverage – 147 articles in national and international press
  • Social media presence increased with 28% more followers and interaction on Twitter

Focus on organisational and operational efficiencies to ensure sustainable growth of INREV

  • 2018 – the year of the Vision Project. We paused to listen, learn and formulate a robust plan of action
  • Increased focus on member relationships – over 170 one-to-one meetings held
  • Refresh to committee structure and members rotated
  • Management Board and Advisory Council members rotated

Ensure a comprehensive, accessible and secure online information platform

  • Further development of IT infrastructure
  • IT Roadmap – Phase one initiated with development of dashboard
  • Improved website security with addition of single sign-on functionality
  • Continuity of ‘INREV in Control’
  • Update to policies and procedures to be fully GDPR compliant
  • Revamped Technology and Innovation Committee