The INREV Due Diligence Questionnaire (DDQ) continues to be a cornerstone tool for investors and managers, providing a standardised framework for efficient and consistent due diligence. To further support its effective use, we have released an updated set of Guidance Notes, building on the 2024 version with a more robust and holistic approach.
The updated Guidance Notes cover all topics across the INREV DDQ and provide additional clarity on open-ended questions. They offer practical advice on word count, key areas to address, and examples to guide managers in preparing clear, comprehensive responses. The format has also been improved for accessibility, with the Guidance Notes now available in three formats:
- Embedded within the INREV DDQ
- Hosted on the INREV website
- Downloadable PDF version
Members of the INREV Due Diligence Committee emphasise the value of these updates:
‘Having contributed to the INREV DDQ Guidance Notes as a committee member and a practising manager, I can attest to their value in standardising the due diligence process. The guidance provides managers with clear direction at every stage, resulting in more consistent responses for investors, and much greater efficiency for fund managers.’
— Alistair Dryer, Knight Frank Investment Management
‘The INREV DDQ provides a standardised framework to support comprehensive and consistent responses for investors. Developed with input from the INREV DDQ Committee, the accompanying Guidance Notes help managers deliver clear, comparable information, enabling LPs to assess investment opportunities more efficiently.’
— Sandra Mallozzi, CFO BC Partners Real Estate
The enhanced Guidance Notes are designed to make completing the INREV DDQ easier, faster, and more consistent, ensuring investors receive the information they need to make informed decisions.