ANREV, INREV and NCREIF have signed a Global Alliance Memorandum of Understanding (MoU) to advance the global agenda of transparency, accessibility and professionalism and increase harmonisation across the non-listed real estate industry. The alliance brings together the major industry bodies of Asia Pacific, Europe and the US.

Please download the full press release in the link below.

During the briefing, John Moutsopoulos and Grant Mackinlay of KPMG Australia delivered a presentation and discussion on recent changes to Australia’s regulatory framework for foreign fund managers that wish to raise capital from Australian investors; specifically:

• Update on ASIC s recent repeal of licensing exemptions for foreign fund managers who have clients in Australia or wish to raise capital in Australia;
• legal and tax implications for ANREV members with an existing book of clients in Australia including transitional arrangements;
• legal and tax implications of key options for ANREV members going forward to raise capital in Australia including reliance on other licensing relief, applying for a foreign licence, or setting up a local office and applying for a standard license.

This webinar session is successfully held on 14 May 2020.

At this session, Varoon Raghavan, Co-founder and Chief Operating Officer of Princeton Digital Group shared with us the opportunities and challenges facing the industry.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -3.43% in April 2020. The ACOE includes 19 funds with a total GAV of AUD 111.34 billion.

The ACOE index also reports data on geographic allocation by sectors.

Please contact Daisy Huang at [email protected] or Draco Mok at [email protected] if you have any questions regarding the Index.

Message from the Chief Executive to ANREV members and stakeholders

In response to the current COVID-19 outbreak, ANREV is increasing its online offering to include timely content to prepare our members with the insights and knowledge they need to prepare for this new wave of challenges. 

On Thursday, 7 of May,  16:30 pm – 17:30 pm (HK Time GMT +8) we offered members the opportunity to join a briefing on 'Reporting during exceptional circumstances'

During the briefing, Amelie Delaunay, ANREV was joined by Paul Walters, Michelle Wong, PwC , James Crawford, JLL and Danny Mohr, CBRE to deliver a presentation and discussion on:

• Appropriate levels of disclosure
• How to follow a risk assessment approach for reporting
• Practical thoughts on the use of Valuations in the current market…

Additionally, members may find a summarized set of existing INREV Guidelines and considerations for investment managers when reporting to investors on any significant changes that have or could have a material impact on the vehicle’s operations and performance.

The document is a distillation of information provided to ANREV by non-listed property vehicles, as well as publicly available information of other non-listed property vehicles, in order to give a view on the size and composition of the Asia Pacific non-listed property funds market over a particular period of time.

If you have any questions, please contact Daisy Huang at [email protected] or Kip kong at  [email protected]

ANREV, INREV and NCREIF have released the first Global IRR index providing data on the performance of value added and opportunity closed end non-listed real estate funds in Asia Pacific, Europe and the US.

The webinar discussed the relationship between ANREV, INREV and NCREIF, and provide an overview of the new index.

Panelists:

Amelie Delaunay - ANREV
Dan Dierking - NCREIF
Henri Vuong - INREV
Joe D'Alessandro - NCREIF

This index is a consultation index and we would like to encourage the industry to provide feedback @Amelie Delaunay.

Data contributions were received from 100 funds with a total gross asset value of US$136.5 billion. The All Asia Index headline return was 7.9% in local currency for 2019 compared with 9.6% in 2018.

Further detail of the sub-indices which cover fund style and various geographies can be found in the full report.

We would like to thank all the companies that supported the data collection exercise and look forward to your continued support in the next round of data collection next year.

Together with the release of Annual Index 2019, ANREV has recalculated the Q4 2019 Quarterly Index. Members can move to ANREV Analysis Tool to check out the updated results.

If you have any questions about the ANREV Index or wish to take part in this industry-led initiative, please contact Daisy Huang or Kip Kong.

ANREV, INREV and NCREIF have released the first Global IRR index providing data on the performance of value added and opportunity closed end non-listed real estate funds in Asia Pacific, Europe and the US. 

Highlights of the first index release show:

• The first consultation release of the Global IRR features 294 closed end non-core strategy funds
• Asia Pacific region is represented by 62 funds, European region by 102 and US – by 130 funds 
• Funds launched between 2011 and 2013 posted the highest average IRRs across the time series of the index, while those launched between 2004 and 2008 – the lowest

This index is a consultation index and we would like to encourage the industry to provide feedback @Amelie Delaunay