Galaxis is located in the heart of one-north district, a 200-hectare development designed to host a cluster of world-class research facilities and business park space, and target end-users engaged in Biomedical Sciences, Infocomm Technology, Media, Physical Sciences and Engineering

The project’s objective is to develop a sustainable business park building that would achieve a higher BCA Green Mark Platinum standard. Key features include extensive greenery, recycling bins at common areas, high efficiency multi-tiered chiller plant and air-conditioning system, high eco-friendly interior fittings and materials, effective ETTV, as well as intelligent lighting control.

Galaxis was designed to achieve more than 30% energy consumption saving against the Singapore Building Control (Environmental Sustainability) Regulation 2008. This translates to an estimated energy and water consumption savings of S$0.9 million per annum.

This is a preliminary release of the Global Real Estate Fund Index, which shows the performance of non-listed real estate funds on a global scale and is created by ANREV, INREV and NCREIF. This publication includes the performance figures up to Q4 2017, and excludes the close end funds in U.S., due to longer reporting periods of U.S. close end funds. Another update on the index will be available in 3 weeks' time.  

Please send your queries on this release to [email protected].

Positive returns in Q4

• The ANREV All Funds index returned 4.64%
• Value added and opportunity funds returned 7.77% and 4.38% respectively

Data contributions were received from 92 funds with a total gross asset value of US$129.1 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 Ricky Cheng at [email protected] or Amélie Delaunay at [email protected]

ANREV, INREV, NCREIF and PREA are pleased to jointly release for industry consultation the first globally comparable measure of fees and costs named Total Global Expense Ratio (TGER).

The new proposed global standard measures the fees and costs related to participation in a real estate investment vehicle and enables comparison across products, regardless of the vehicle domicile, structure and management activities.

The Total Global Expense Ratio incorporates definitions from the Global Definitions Database, bringing consistent terminology for the most widely used vehicle fees and costs that may be charged directly and indirectly by investment managers and service providers.

The consultation process for TGER runs until 21 June to provide the industry with the opportunity to help design a global standard that is simple, practical and facilitates comparison and consistent reporting of fees and costs.

TGER and the GDD are initiatives of the Global Standards Steering Committee, established as a collaboration between INREV, ANREV, NCREIF and PREA to jointly develop comparable reporting standards for institutional real estate investment vehicles on a global basis.

For further information please contact:

Amelie Delaunay, ANREV

Constantin Sorlescu, INREV

Marybeth Kronenwetter, NCREIF PREA Reporting Standards

ANREV has launched the third release of the IRR by vintage index. The ANREV IRR/Investment Multiple Index (The IRR Index) measures performance of value added and opportunistic non-listed closed end funds focused in Asia Pacific.

As this index is still relatively new, we would welcome any comments - please email [email protected]

ANREV has launched the first release of the ANREV Pan Asia Open-End Diversified Core Fund Index (Pan Asia ODCI).

The index serves demand from institutions investing in diversified core funds in Asia Pacific. 

As this is a new index, we would welcome any comments - please email Ricky Cheng at [email protected] or Amélie Delaunay at [email protected]

ANREV’s Technology & Innovation Working Group is working on a series of short papers aimed at helping ANREV members to better understand technology-related topics, share information and organisational best practices. The first paper deals with blockchain.

If members have any questions, or require a more detailed explanation of any of the points referenced in this note, please contact the ANREV Technology and Innovation Working Group at the following e-mail address: [email protected]

We would also be keen to hear members’ experiences of blockchain, and/or their views on how this technology will impact the industry in the coming years.

The ANREV Australia Monthly Index saw a total return of 0.32% in March 2018, the one year rolling return at 12.47% illustrating the strong performance of the Australian market. The ANREV Australia Core Open End Fund Monthly Index currently includes 19 funds with a total GAV of AUD 96.43 billion.

The February 2018 release includes 2 new funds as well as 2018 year to date figures.

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

Chateau Mount Tai is a high-quality neo-Chinese residential development located in Tai’an city at the foot of Mount Tai. White Peak (“WP”), a Swedish fund manager and developer, acquired the land in 2014 and developed it with a vision to create one of the most iconic ecocommunity in this famous and historically significant city.

The project received exceptional sales result with transaction price of 30% higher than market competitors. Chateau Mount Tai has become an iconic development in Tai’an bringing new living standard to the local market. The success of Chateau Mount Tai was followed with a second investment from White Peak in Tai’an.