Chapter 3

INREV Priorities
2019

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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 2019 priorities are set out below.

Priorities 2019

Key achievements

Expand and improve European and global insights and indices

  • Published 34 index publications
  • INREV ODCE Index launched as consultation in
  • INREV Asset Level Index launched as consultation during the Annual Conference
  • 8 research papers published: 6 evergreens and 2 ad-hoc
  • Three global studies: Investment Intentions, Capital Raising and Fund Manager reached record participation numbers
  • Investor Universe series published – 7 country studies and 1 comparison report
  • Coming of Age paper marks how far the industry has come and will continue to evolve
  • 11 Research and Analytics Monthly Briefings delivered
  • Snapshots and excel supplements launched to complement all index publications
  • Robust national and international press coverage

Increase awareness and adoption of INREV standards globally

  • NAV – first regional gap analysis published
  • Global Definition Database enriched with 100 new definitions
  • TGER, first globally comparable measure of fees and costs final, ready for Guideline inclusion in Q1 2020
  • Global ESG library expanded
  • Compliance with reporting guidelines reached record levels
  • Open end fund pricing discussion with AREF
  • Various articles published in IQ and trade media

Represent the industry at European policy level

  • Engaged with many MEPs and organisations including the Chairman of EIOPA in discussion about Solvency II Capital requirements
  • Focus on implications of Brexit for members through events, briefings and snapshots
  • Held successful event for MEPS on role of real estate investing in Brussels as well as a Sustainability event with GRESB and RICS
  • Provided input for review of AIFMD by the European Commission which was well reflected in their report
  • 4 consultations/industry responses including ESMA consultation on integrating sustainability risks
  • 11 Tax and Regulatory Briefing calls on a wider range of issues
  • Continued to play a leading role in the European Real Estate Forum
  • 10 press interviews and articles including an interview with Bloomberg

Inspire, educate and inform

  • 33 events delivered
  • 3 highly successful flagship conferences delivered: Annual, Autumn and Young Professionals
  • Link and Learn series of events for Young Professionals held
  • 17 training courses held
  • INREV educational activities were attended by 796 delegates in 2019
  • Invitation only Executive course on enabling innovation and digital transformation tested the waters for a new course in 2020
  • Henley Certificate – 9 new students achieved the certification with 22 new enrolments
  • First eLearning module launched on NAV, with Due Diligence to follow
  • Scope and frequency of online monthly briefings expanded, covering research, analytics and professional standard topics
  • Robust press coverage – 128 articles in national and international press
  • Shone a light on ESG related activities through dedicated ESG month in September including a Climate Risk Round table
  • IQ Magazine went online with 28% more readers in 2019

Ensure a comprehensive, accessible and secure online information platform

  • Continuation of the IT Roadmap
  • Ensure INREV adheres to the highest standards in Data Collection standards
  • Reduction in Reporting Burden for members
  • Solid Governance and robust security of data
  • Increased accessibility to all historically collected information
  • Data platform launched

Grow and strengthen the non-listed real estate community

  • 42 new members joined in 2019
  • Increased focus on member relationships
  • Management Board and Advisory Council members rotated
  • Corporate Governance committee and Sustainability committee merged into ESG Committee
  • DDQ eLearning module
  • INREV events were attended by 2,635 delegates in 2019, up 11% from 2018
  • Twitter followers grew by 18% in 2019
  • LinkedIn community grew by 38% in 2019
  • Focus on Young Professionals increased
  • Presentations on European non-listed real estate given to 10 leading universities
  • Presented at 14 industry events