Tackling transparency is the top priority for new ANREV chairman Willem de Geus, in order to attract more capital to non-listed Asia Pacific real estate.

De Geus, who took over from founding chairman Nicholas Loup in September, is a long-time advocate of improved transparency and information in the real estate sector and was involved in the launch of EPRA, the European Public Real Estate Association, in 1999 and INREV, ANREV’s European sister organisation, in 2003. He has been involved with ANREV since its earliest days and was behind the close alignment with INREV.

Member and non-members can download the full interview.

ANREV has launched the third release of the ANREV ODCE Asset Level Performance Consultation Report.

The ANREV Asset Level Performance Report is not an index as the coverage is limited to assets held by 6 funds with a pan Asia core open end strategy.

The ANREV Asset Level Performance Report results are based on asset level data that is provided to ANREV directly from managers. Data collection starts immediately after a quarter has ended for a period of up to 6 weeks after quarter end.

Please provide feedback and comments to Kip Kong or Amélie Delaunay.

ANREV has launched the Q2 2020 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

The Q2 2020 sample of the ANREV IRR index includes 79 funds. 

We welcome any questions or comments - please email Daisy Huang or Kip Kong.

The third Global IRR Index consultation release includes 316 closed end funds across vintages from pre-2002 to 2018 with a non-core manager defined strategy.

Key highlights include:

> The third consultation release of the Global IRR Index includes 316 funds with non-core strategies, comprising of 270 value added and 46 opportunity funds
> This Global IRR Index release features 79 Asia Pacific, 102 European and 135 US funds
> Funds launched in 2013 and 2010 delivered the highest performance with an equally weighted IRR of 18.5% and 17.8%, respectively

In light of the COVID-19 pandemic, ANREV has conducted two additional surveys investigating market sentiment and funds’ valuations under COVID-19.
 
The market sentiment survey targeted senior investors and investment managers and asked their views on the impacts of the pandemic on Asia Pacific markets. 

The ‘Impact of COVID-19 on valuations’ survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q2 2020. The manager were asked to fill in this extra questionnaire to look into the impact of the “Material Uncertainty clause” on assets’ valuations, suspension of trading and status of rent collection.

The snapshot summarising the findings of the 'market sentiment' and ‘Impact of COVID-19 on valuations’  surveys can be downloaded here.

Welcome to the September 2020 update of the Global Real Estate Fund Index (GREFI). It is an index showing the performance of non-listed real estate funds on a global basis and is created by ANREV, INREV and NCREIF. This publication includes performance figures up to end of Q2 2020.

The GREFI All Funds Index was updated for the first time on a quarterly basis following the second quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. All numbers are also available in an Excel file.

The history of the Global Real Estate Fund Index (GREFI) has been extended to Q1 2005, now offering almost 15 years of performance across all regions. 

The GREFI All Funds Index delivered a total return of -1.29% over Q2 2020, down from 0.22% posted over Q1 2020, according to the latest release of the Global Real Estate Fund Index (GREFI).

Key highlights:

Total returns stood at -2.33% for Asia Pacific funds, -1.62% for US strategy funds and -0.60% for European funds over Q2 2020

GREFI Non-core funds posted the lowest return since the last Q4 2009, with a negative quarterly performance of -0.83% over Q2 2020

From Q3 2018 edition onward, the GREFI Index will no longer include US closed end value added funds (NPI - CEVA Index)

Please send any queries to Daisy Huang , Kip Kong or Amélie Delaunay.