Rodrigo Delcourt from Arendt & Medernach and Michael Daemgen from Arendt Regulatory & Consulting in Luxembourg present on host AIFMs, including their operating models, services provided to the real estate industry and regulatory parameters.
Constantin Sorlescu, INREV, John Ravoisin, PwC, Nick Brown, M&G Real Estate, Robert White, EY and John Forbes, John Forbes Consulting, discussed the recently launched Open End Fund Pricing consultation paper, including a highly relevant section in today’s uncertain times related to pricing policy during exceptional market circumstances.
Jan Gruter, Legal Director and Jonathan Powling, Partner (Investment Management Team) and Zoe Connor, Partner at (Banking Team) Addleshaw Goddard present on emerging trends in real estate fund terms.
ANREV, INREV, and NCREIF hosted a joint briefing to inform their members of the launch of the new Global IRR Report. This initiative represents the logical integration of the three member-driven non-profit organisations to meet the data collection and, increasingly global, information needs of our members; and to serve as the basis for further collaboration in the future.
In the current COVID-19 environment, many countries have adopted tax-related measures that can effectively be used to conserve cash. Henk de Graaf, tax partner at Deloitte in Amsterdam, discuss this timely and important topic.
Constantin Sorlescu, Director of Professional Standards at INREV joined by Renaud Breyer, Partner at EY Luxembourg, and Andrew Muscat, COO/CFO at LaSalle Global Partner Solutions, shows you how to calculate TGER, including treatment and allocation of its main components, and how to make the transition from TER to TGER to ensure compliance with the INREV Guidelines.
During the briefing, Constantin Sorlescu, INREV together with Thomas Kallenbrunnen, PGIM Real Estate, Nick Brown, M&G Real Estate, John Ravoisin, PwC and Robert White, EY discuss:
- Liquidity requirements and secondary markets
- Terms and rights of redemptions
- Transparency and disclosures regarding pricing policy
Constantin Sorlescu, INREV will be joined by John Ravoisin, PwC and Renaud Breyer, EY provide guidance and considerations that may be appropriate for investment managers when reporting to investors in these uncertain times. Also read a short paper filled with reporting considerations related to COVID-19 and which are based on the INREV Guidelines.
Louisa Cobbe, Matt Baker and Sarah Ward from Bryan Cave Leighton Paisner (BCLP) in London present on key operational, legal, regulatory and competition issues around structuring and running real estate joint ventures/clubs.
Oscar Fusco, Research and Analytics Analyst at INREV joined by Kim Politzer, Director of Research, European Real Estate at Fidelity International, and Robert Wagenaar, Manager International Finance at Bouwinvest, discuss the recent performance and trends of the INREV Fund index, INREV ODCE Index and INREV Asset Level Index.