Data contributions were received from 96 funds with a total gross asset value of US$136.1 billion. The All Asia Index headline return was 9.4% in local currency for 2018 compared with 14.7% in 2017.

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 2018, ANREV has recalculated the Q4 2018 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.

Welcome to the April 2019 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 2018.

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 GREFI All Funds Index delivered a Q4 total return of 1.89%, up from 1.88% previously, according to the latest release of the Global Real Estate Fund Index (GREFI) 

Key highlights:

• Asia Pacific outperformed Europe and US with a total return of 2.84% over Q4
• Non-core funds outperformed core funds with returns of 2.30% and 1.81% respectively

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 [email protected] or [email protected].

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.66% in Mar 2019. The ACOE includes 19 funds with a total GAV of AUD 109.63 billion.

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

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 2019 survey attracted a record number of participants with 203 fund managers globally completing the questionnaire, a 16% increase compared to 2018 when 175 fund managers responded to the survey. 78.8% of those surveyed raised a combined US$193.7 billion for investment into the real estate industry throughout 2018.  The Asia Pacific region attracted US$26.9 billion of equity, a slight increase to the previous years’ figure of US$26.2 billion.

ANREV has launched the Q4 2018 IRR Index by vintage. The IRR Index measures performance of value added and opportunistic non-listed closed end funds investing in Asia Pacific.

Several funds were unable to provide data due to auditing constraints,  resulting of a total of 63 funds.

We welcome any questions or comments - please email [email protected]

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].

Holiday Inn Express Melbourne Southbank is being developed by Pro-invest Group, one of the largest hotel investment platforms in Australasia. Together with the guidance of Clean Energy Finance Corporation (CEFC) - a specialist clean energy financier, investing with commercial rigour to increase the flow of finance into renewable energy, energy efficiency and low emissions technologies - will incorporate a range of initiatives into the Melbourne Southbank hotel, boosting the initial targeted 4.5-Star NABERS Energy rating to 5-Stars.

• The ANREV All Funds index returned 2.84% in Q4 2018
• Value added funds overperformed core and opportunity funds returning 4.40% compared with returns of 2.93% and -0.70% respectively.

Data contributions were received from 89 funds with a total gross asset value of US$124.7 billion. 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.

If you have any questions about the ANREV Index or want to take part in this industry-led initiative, please contact Daisy Huang at [email protected] or Kip Kong at [email protected].

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.31% in Feb 2019. The ACOE includes 19 funds with a total GAV of AUD 108.28 billion.

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