Press Releases

19 June 2024, Amsterdam – The latest INREV Consensus Indicator, designed to capture market sentiment and turning points, showed a second consecutive improvement with a headline reading of 53.6. This is a notable increase from the 50.2 reported in March 2024 and suggests that the European non-listed real estate market may be close to the start of a recovery. Four of the five sub-indicators now exceed 50, with the economic sub-indicator increasing to 56.1. New development was the only exception...

06 June 2024, Amsterdam – INREV’s Management Board has appointed two new members, following approval from the association’s membership at its Annual General Meeting on 30th May. They will join four re-elected board members. Joining the Management Board for the first time are Minna Merilainen, CNP Assurances SA, and Jessica Hardman, DWS. Minna Merilainen is responsible for real estate and infrastructure debt investments at CNP Assurances SA. She has also held various senior positions within other large European insurance companies...

Top 10 managers globally reached €1.9 trillion AUM (€1.8 trillion in 2022) 29 May 2024, Amsterdam – Total global real estate assets under management (AUM) fell to €3.7 trillion [1] in 2023, a 3.8% decline from the €3.9 trillion reported at the end of 2022, according to the Fund Manager Survey 2024, published today by ANREV, INREV and NCREIF. The decrease marks a second consecutive year of contraction for the global non-listed real estate industry, following the peak of €4.1...

24 April 2024, Berlin – Fund managers raised a minimum of just €117 billion for non-listed real estate globally in 2023, according to the Capital Raising Survey 2024, published today by ANREV, INREV and NCREIF. This is the lowest volume of capital raised since 2015, with activity falling across all global regions. It represents a decline of more than 50% from the minimum of €246 billion raised in 2022. This lacklustre performance was most likely driven by a combination of...

26 March 2024, Amsterdam – INREV has today announced that CEO, Lonneke Löwik, will be stepping down this August. During her six plus years at the helm, Löwik has driven the expansion of INREV, growing its membership base by 23%, now encompassing over 125 institutional investors, and evolving the scale, quality and scope of its services. She pioneered the integration of data and research providing members with better quality and more granular analysis capabilities. Löwik has also driven the revision...

20 March 2024, Amsterdam – INREV’s Quarterly Fund Index confirms an ongoing correction in the European real estate market. The Q4 2023 performance was yet again negative, a total return of -1.70%, and a sharp decline from -0.56% reported in Q3 2023. Capital growth remained the primary driver of negative performance, at -2.83%. This 165-bps quarter-on-quarter decline marks a sixth consecutive quarter of falling values, bringing the total correction to -15.50%. As anticipated at year-end, a significant rise in income...

17 January 2024, Amsterdam – With ongoing macroeconomic uncertainty impacting the global real estate market in 2023, investor appetite for the asset class has slowed, with the gap between average current allocations and target allocations across Europe, Asia Pacific and North America, decreasing for the third year running. According to the 2024 Investment Intentions Survey – published today by ANREV, INREV and PREA – on a weighted AUM basis, the current average allocation to real estate globally is 10.6%, just...

15 November 2023, Amsterdam: Recent analysis of INREV data sources – including the INREV Debt Vehicles Universe and the INREV Quarterly Fund and Asset Level indices – reveals a rapidly changing landscape for the European non-listed real estate debt market. This evolution is marked by a current funding gap. Around €36 billion worth of assets expected to come to the market in the next ten years from the closed end fund liquidation pipeline in the INREV Vehicle Universe alone, and...

Negative performance driven by decline in capital growth and sharper correction for Germany and France. But investor confidence likely to return, given expected taming of inflation. 20 September 2023, Amsterdam: Performance of the European non-listed real estate market was characterised by a continued, slow correction in Q2 2023. According to the INREV Quarterly Fund Index the total returns hit -0.47%. This was driven by a decline in capital growth which dipped to -1.24%, marking the fourth consecutive quarter of negative...