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The INREV Asset Level Index is a quarterly pan-European index measuring real estate market performance on an asset level across Europe. 

Heike Schmitz, Partner from Herbert Smith Freehills Kramer, presented on the growing relevance of Impact Investing. She covered the key elements and evolution of impact investing and explored current regulatory developments. The session included case studies, presented by John Levy from Franklin Templeton Real Asset Advisors and Marleen Bekkers from PATRIZIA Global Partners, illustrating practical applications of impact investing strategies.

The INREV Index is a performance index for European non-listed real estate funds investing 90% or more in Europe. The information for the quarterly goes back to Q2 2000. The Quarterly Index is published 8 weeks after the end of the quarter, and reports are available in PDF format. The reports cover the performance of non-listed funds in Euro, USD, GBP, JPY, AUD and in Local Currency and are available for members only, please login to download.

Hearthstone Investments is supporting the transformation of a former coal mining site in South Yorkshire into a thriving, sustainable community. Using proprietary screening tools, the firm identified Waverley as a high-impact opportunity, acquiring energy-efficient homes that combine affordability with environmental performance. With strong local partnerships and a focus on place-making, the project delivers core returns while contributing to social value and long-term regeneration.

Altera’s sustainable and affordable housing project on Amsterdam’s north waterfront delivers 181 newly built rental units, including 157 mid-range apartments averaging €1,112 per month and 24 private sector units. The acquisition meets both financial (IRR) and non-financial (ESG) investment criteria. Located directly on the riverbank, the development includes 140 parking spaces and a semi-public outdoor space leading to the harbour. The project forms part of Altera’s wider effort to expand its portfolio with high-quality, sustainable housing, having acquired 3,866 such units in the past five years.

PIMCO Prime Real Estate’s affordable housing portfolio in Germany comprises over 300 social housing units, of which more than 90% are subsidised. Located in well-connected neighbourhoods with access to schools and daycare centres, the homes serve lower income groups including young professionals, retirees, and single-income families. Tenants are classified into three income groups to receive subsidies. Various schemes, including public subsidized loans, have been employed to bridge property and tenancy cost gaps, and mitigate leasing risk. In addition to the social benefits of this portfolio, investor climate targets were reflected in the newly completed assets, adhering to standards such as KfW 55, EnEV (Energiesparverordnung), a regulation for energy use, and CREEM decarbonization pathways.