ANREV has launched the first 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.

This webinar was the third installment in a series, which looked at material issues in the sustainability performance of real estate investments.  In this series, presenters from leading organizations have taken you through their ESG practices, as well as touching upon key components of GRESB’s Real Estate Assessment.

During this session, Amélie Delaunay, Director of Research and Professional Standards at ANREV joined by Ruben Langbroek, Head of Asia Pacific at GRESB  to provide an introduction of ANREV’s ESG initiatives and GRESB’s Real Estate Assessment; followed by presentations by Ian Lieblich, Sustainability Manager at Investa Property Group , and Karen Xu, Head of Investor Relations  at White Peak Real Estate Investment, who touched upon the ESG practices of their respective organizations, with a slight focus on the Development component of GRESB’s assessment

To view the recording of the webinar, please download the attached pdf and access the link stored with any browser.

The slides used in presentation can also be downloaded below.

ANREV would like to thank the speakers for their contribution.

With the popularity of the Asia Pacific non-listed real estate market continuing to increase, it is timely to assess how much capital is entering the market and what this figure represents on a global basis.

The Capital Raising Survey was first launched in 2014. This survey gives an insight into capital raising activities within the non-listed real estate industry by region, product type and investment strategy. The non-listed real estate products include separate accounts, joint ventures, club deals, funds of funds and non-listed real estate debt products. The report offers detailed insights into global and regional capital raising figures.

The 2020 survey attracted the participation of 159 fund managers globally, and although this is lower compared to last year when over 200 respondents were included, the total capital raised for new investments into real estate ran up to a record of US$225.8 billion.

Capital was sought for 982 vehicles which equate to a minimum of US$220.3 billion of new equity raised for investments into non-listed real estate, a substantial increase compared to the previous record of US$185.4 billion for 2018. The Asia Pacific region attracted US$32.8 billion of equity, a significant increase to the previous years’ figure of US$26.9 billion.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of -1.88% in March 2020. The ACOE includes 19 funds with a total GAV of AUD 113.8 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.

ANREV has launched the Q4 2019 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

The Q4 2019 sample of the ANREV IRR index includes 62 funds.

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

The global spread of COVID-19 and the impact on the global societies is creating major operational and reporting challenges for investment managers. To help the industry navigate in these uncertain times, we summarised below a 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.

This webinar is the second installment in a series, which looks at material issues in the sustainability performance of real estate investments.  In this series, presenters from leading organizations took you through their ESG practices, as well as touching upon key components of GRESB’s Real Estate Assessment.

During this session, Amélie Delaunay, Director of Research and Professional Standards at ANREV joined by Ruben Langbroek, Head of Asia Pacific at GRESB  to provide an introduction of ANREV’s ESG initiatives and GRESB’s Real Estate Assessment; followed by presentations by Tom Miller, Senior Managing Director – Head of Development and Sustainability at LaSalle Investment Management, and Feng Lu, Managing Director – Projects, Real Estate Group at CITIC Capital Holdings, who touched upon the ESG practices of their respective organizations, with a slight focus on the Performance component of GRESB’s assessment

To view the recording of the webinar, please download the attached pdf and access the link stored with any browser.

The slides used in presentation can also be downloaded below.

ANREV would like to thank the speakers for their contribution.

It is now nearly four years since the OECD and G20 agreed on the action points to tackle international tax avoidance. During this time we have seen anti-avoidance measures introduced around the world at some pace; these continue to impact traditional fund structures and potentially affect returns.  The OECD is now moving onto the second stage of its BEPS project and considering imposing minimum taxes.  Ivor Morris, Partner at KMPG gave an update on the impact on fund structures and returns on 25 March throuhg ANREV webinar. Additionally, he shared practical insights into how fund managers and investors are seeking to address these changes.

To view the recording of the webinar, please download the attached pdf and access the link stored with any browser.

The slides used in presentation can also be downloaded below.

ANREV would like to thank the speakers for their contribution.

Welcome to the March 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 Q4 2019.

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 returns showed an improvement over Q4 2019 with a total return of 1.86%,up from 1.39% posted over Q3, according to the latest release of the Global Real Estate Fund Index (GREFI).

Key highlights:

• Asia Pacific funds posted a total return of 2.42% over Q4 2019, outperforming European, US and Global strategy funds
• European non-core funds posted a quarterly return of 3.00% over Q4 2019, outperforming Asia Pacific and US non-core funds

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.

Message From The Chief Executive To ANREV Members And Stakeholders