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Welcome

INREV firing on all cylinders

Hello, and welcome to the summer edition of IQ magazine. After a great AGM and Annual Conference, there is a huge amount going on with INREV right now.

I want to wish a warm welcome also to three new members of our Management Board: Marieke van Kamp, Head of Real Estate & Alternatives at NN Group in the Netherlands; Michael Clarke, Head of Investor Services EMEA at CBRE Global Investors in London; and Mike Hornsby, Partner at EY in Luxembourg.

To have an investor, a fund manager and an advisor all from different countries and with different backgrounds joining the Management Board highlights the breadth and depth of INREV, and shows how we truly reflect the entire non-listed real estate industry.

I won’t go into too much detail here about the Annual Conference in Barcelona, you can read about it in detail in the magazine (p18). But I was pleased to see that alongside our 2014 conference in Berlin, it was the highest-rated conference in INREV history.

I think that was due to a combination of great topics like technology and geopolitics, great speakers and panellists willing to put forward controversial opinions, and a wonderful location. A big thank you to everyone on the large INREV team that organised such a great event. Please save the date for the 2016 edition, which will be held on 20 and 21 April 2016 in Vienna.

Summer is here, but that does not mean INREV will be slowing down, far from it. I would like to draw your attention to an upcoming academic paper we are working on regarding corporate governance. We will be investigating how corporate governance within the non-listed industry has changed over the past two decades, and how this has influenced performance, risk management and capital raising.

We are looking forward to sharing the insights with our members in July and starting a debate around the issues the paper raises about investment in non-listed real estate compared to other sectors. Until now a lot of the evidence on this topic has only been anecdotal, so we are pleased to be able to increase the knowledge and evidence base of the industry.

I hope you all have a wonderful summer, and I look forward to catching up with you all soon.

Matthias Thomas, INREV CEO