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Heike Schmitz, Partner from Herbert Smith Freehills Kramer, presented the European Commission’s proposed revisions to the Sustainable Finance Disclosure Regulation (SFDR) and outlined the key changes. She was joined by Aleksandra Njagulj, Managing Director, Global Head of ESG in Real Estate at DWS Group, and Anisha Galli, Consultatnt at Linklaters, to assess the potential implications for non-listed real estate funds. 

INREV Talks is a new initiative created for our young professional members (up to 32 years old) who want to learn from senior industry leaders and gain practical insights to shape their careers. Each one-hour online session features an informal chat with an experienced real estate professional, who shares their personal story, career journey, leadership experiences, and lessons learned along the way.

INREV called for a balanced SGEI framework that grants State aid only where genuine market failure exists and ensures equal access for public and private providers while maintaining fair competition on the market.

Catella Investment Management’s Haarlem project in the Netherlands transformed an obsolete office into 162 high-performance rental apartments, achieving an A+++ energy label and cutting embodied carbon through reuse of the existing concrete structure. Heated with geothermal energy and powered by over 50% renewables, the building combines 15% social, 40% affordable and 45% non-regulated units. Residents benefit from shared amenities including a gym, lounge and laundry facilities that foster community and reduce resource use. The project demonstrates how environmental excellence and social impact can be balanced within a commercially viable investment model.

• Regulatory Technical Standards (RTS) on open-ended Loan Originating Funds under AIFMD II deemed “non-essential”
• Interpretation and alignment issues under the ELTIF Regulation
• Luxembourg AIFMD II implementation bill closely follows the EU directive