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The Country-by-Country Tax and Regulations Guide has been updated and is available on the INREV website. Allard Stoffer, Senior Associate, Tax Real Estate, PwC NL, presented an overview of the most significant changes in the past year.

• Regulatory technical standards on LMTs under AIFMD published in EU Official Journal
• European Commission published a consultation on Simplifying EU rules on direct taxation
• UK Sustainability Disclosure Requirements labels: good and poor practice

INREV canvassed views from the membership to assess the dynamics and business-oriented implications for the industry. View our Market Insights and Sentiment and Valuation reports now. 

The Global Real Estate Fund Index (GREFI) is jointly produced by INREV, ANREV and NCREIF and measures the performance of non-listed real estate vehicles on a global scale.

Please send feedback to bert.teuben@inrev.org, daisy.huang@anrev.org, or ddierking@ncreif.org

The GREFI is an index showing the performance of non-listed real estate funds on a global scale. The GREFI is updated on a quarterly basis and is published 12 weeks following the quarter end.

The aims of the GREFI are to improve transparency of real estate as an asset class and to help our members make better informed investment decisions. As an industry, it is vital that we work towards being able to make robust global and intra-regional comparisons.

This initiative represents the integration of three member-driven non-profit organisations to meet the data collection and information needs of their expanding global activities, and to serve as the basis for further collaboration in the future.

EDGE Amsterdam West involved the refurbishment of a 1970s office building in Amsterdam, retaining the existing structure and integrating renewable energy systems and smart building technologies. The project combined circular refurbishment with on-site energy generation and thermal energy storage, resulting in an EPC rating of A++++, WELL Platinum and BREEAM Outstanding certification, and net operational energy use of 0 kWh/m?/year.

Altera adopted the Framework for Climate Adaptive Buildings (FCAB) to establish a consistent approach to assessing physical climate risk across its real estate portfolio. The methodology combines location-based climate hazard analysis with building vulnerability assessments and adaptation planning. Applied at De Groene Kaap in Rotterdam, the assessment identified heavy rainfall as the most material hazard, while the overall risk remained below the threshold requiring adaptation measures.

INREV releases a quarterly overview of the key characteristics of all non-listed real estate vehicles in Europe. The data is taken from INREV's vehicles database.