The performance of INREV Quarterly Fund Index decreased to -0.72% in Q3, down from -0.66% a quarter earlier.
The Q3 2023 release includes 299 funds with a combined GAV of €298.8 billion.
Key highlights:
- After displaying signs of improvement in Q2, UK-focused funds’ performance once again turned negative. At -0.97%, the segment reported the lowest Q3 total return across the four main geographies.
- Industrial/logistics was the only sector to show positive total returns at 0.66%. Office-focused funds displayed the lowest performance, delivering a -0.73% total return.
- The performance of Germany-focused funds softened from 0.55% in Q2 to 0.12% in Q3, the lowest in more than 10 years.
- Core funds outperform.
View detailed analysis via the Index Analysis Tool or download the report, Excel and snapshots below.
DOWNLOADS
INREV Quarterly Index
Last updated on 13 Mar 2024
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.