Business Immo, the real estate website

Mathieu Elshout

Member of the Investor Advisory Council

Maaike Hof

Member of the sustainability committee

Lonneke Löwik

Chief Executive Officer

Iryna Pylypchuk

Director of Research and Market Information

Jeff Rupp

Director of Public Affairs

Vitaliy Tonenchuk

Senior Research and Analytics Manager

Jaap van der Bijl

Fund Manager Advisory Council

Finance

"As markets recover, higher-risk strategies tend to perform very well"

BiTV Interview welcomes Iryna Pylypchuk, Director of Research and Market Information at INREV. With her, we discuss the 2024 Investment Intentions Survey published last week by (...)

Finance

"In Q3 2023, the UK is starting to recover while Germany and France are playing catch-up"

BiTV Interview welcomes Iryna Pylypchuk, Director of Research and Market Information at INREV, is a guest on BiTV. With her, we discuss the INREV Quarterly Fund Index (...)

Finance

"Why European real estate has had three consecutive quarters of negative fund-level performance"

BiTV Interview welcomes Iryna Pylypchuk, Director of Research and Market Information at INREV. With her, we discuss the recently released INREV Quarterly Fund Index, which revealed (...)

Finance

Third quarter of negative performance for European real estate, but sentiment improves

The INREV Quarterly Fund Index once again highlighted weak performance for European non-listed real estate in Q1 2023, as governments tried to curb inflation (...)

Finance

Different dynamics drive value-added office strategies in big cities like New York, London and Paris

When Blackstone announced it had raised $30.4bn for Blackstone Real Estate Partners X, "the largest ever" real estate drawdown fund in April, real estate (...)

Finance

European non-listed real estate reports significant downturn in performance (INREV)

The INREV Quarterly Fund Index Q4 2022 reveals a significant downturn in performance, as real estate prices adjust to reflect the weaker economic environment. (...)

Finance

"Why European investors could decrease real estate allocations in 2023"

BiTV Interview receives Iryna Pylypchuk, Director of Research and Market Information at INREV. With her, we discuss the recently published 2023 Investment Intentions Survey published (...)

Finance

European investors plan to decrease allocations to real estate in 2023 (INREV/ANREV/PREA)

With uncertainty surrounding investment decisions across every asset class, almost one quarter of all investors plan to decrease their allocations to real estate globally (...)

Finance

European non-listed real estate performance falls to lowest quarterly level since GFC (INREV)

The INREV Quarterly Fund Index has revealed a sharp correction in performance for the European non-listed real estate market in Q3 2022. Total return (...)

Finance

European non-listed real estate debt market grows steadily, led by the UK (INREV)

According to the 2022 INREV Debt Vehicles Universe study, the European non-listed real estate debt market has grown steadily to 98 vehicles with a (...)

Finance

European real estate funds set to release €9.6bn of assets over next three years (INREV)

According to the INREV Funds Termination Study 2022, 34 European closed end, non-listed real estate funds will terminate between 2022 and 2024. As a (...)

Career

"There is a growing commitment from the CRE industry to address diversity, equity and inclusion"

BiTV Interviews welcomes Lonneke Löwik, CEO at INREV With her, we discuss INREV and ULI Europe's recently published short paper focusing on diversity, equity and inclusion (DEI). (...)

Finance

European non-listed real estate performance remains resilient in Q1 2022 (INREV)

  European non-listed real estate delivered its fourth consecutive quarter of strong positive performance in Q1 2022. The INREV Pan-European Quarterly Asset Level Index posted (...)

Finance

European non-listed real estate continues to break records in 2021, but for how long?

INREV takes stock. And warns straight away: "European unlisted real estate performed at a record high in Q4 2021". Indeed, INREV's quarterly Pan-European Asset (...)

Finance

At least €76.7bn expected to be deployed in global real estate in 2022 (INREV/ANREV/PREA)

Institutional investors plan to invest at least €68.2bn in global real estate this year, according to the 2022 Investment Intentions Survey published today by (...)

Finance

European unlisted real estate posts robust returns in Q3 2021 (Inrev)

Total returns for European non-listed real estate funds reached 2.84% in the Q3 2021, up from 2.65% in the second quarter, according to the latest (...)

Finance

Capital raised for European non-listed real estate debt hits highest level since 2015 - INREV

2020 recorded the highest share of capital raised for European non-listed real estate debt products since 2015, according to INREV, a sharp increase to (...)

Housing

Residential proves its appeal on a continental scale

Multi-family residential assets, took 38% of capital raised in Europe for single-sector strategies, according to Inrev, ahead of logistics (33%), office (16%) and retail (...)

Finance

Returns soar for European non-listed real estate in Q2 - INREV

Results from the latest pan-European INREV Quarterly Asset Level Index reveal the strong performance of European non-listed real estate. Total returns hit 3.01% in (...)

Finance

"Digitalisation and new technology solutions offer a wide range of benefits to the industry"

Returning from a summer hiatus, BiTV Interviews welcomes Lonneke Löwik, Chief Executive Officer at INREV. With her, we discuss the main findings of INREV's recently published paper on the (...)

Finance

Funds of funds post record high €43.4bn AUM in 2020 - ANREV/INREV/NCREIF

Funds of funds globally increased their total value of assets under management (AUM) to a record high of at least €43.4bn at the end (...)

Career

INREV Management Board appoints new Chair

INREV’s Management Board has appointed a new Chair, while four new members join the Board, following approval from the association’s members at its Annual (...)

Finance

Global real estate investment managers reach AUM of €3.3tr (ANREV/INREV/NCREIF)

Total global real estate assets under management (AUM) hit €3.3tr in 2020, despite the challenges of the global pandemic, according to the Fund Manager (...)

Finance

€123bn capital raised for global non-listed real estate investment in 2020 - INREV

Despite the outbreak of the Covid-19 pandemic, global real estate investment managers raised at least €123bn (US$150.7bn) of new capital for non-listed real estate (...)

Green

"The real estate industry has a responsibility to address ESG issues"

BiTV Interview welcomes Lonneke Löwik, who is Inrev’s CEO. With her, we discuss how important are ESG issues in Europe, how can real estate players (...)

Finance

European non-listed real estate shows signs of recovery and renewed investor confidence in Q4 2020 - INREV

The performance of European real estate assets saw a steady improvement in Q4 2020 with total returns reaching 1.92% , the latest INREV Pan-European (...)

Finance

“Half of investors based in North America expect to increase their allocation to Europe”

Business Immo: Following the investment intentions survey 2021, co-authored by INREV, ANREV and PREA, what can you tell us about institutional investors’ state of (...)

Finance

Real estate investors keep a strong appetite despite Covid-19 pandemic – INREV

Institutional investors plan to invest a minimum of €55.4 bn in global real estate in 2021, with a strong emphasis on Europe, according to (...)

Finance

Returns for European non-listed real estate rebound into positive territory in Q3 2020 - INREV

Total returns for European non-listed real estate experienced an uptick in performance in Q3 2020, the latest INREV Quarterly Asset Level Index reveal, moving (...)

Finance

Record €32bn raised for global real estate debt vehicles - INREV

A record high of €32bn was raised globally in 2019 for non-listed real estate debt products, according to the INREV Debt Vehicles Universe 2020 (...)

Finance

According to Keith Breslauer, the Covid-19 crisis is pushing investors towards short durations

Keith Breslauer, Managing Director and Senior Partner at Patron Capital, sent a clear message to the investors gathered online to listen to his speech (...)

Finance

Covid-19 tightens grip on European non-listed real estate performance in Q2 - INREV

For the second consecutive quarter, the most recent INREV Quarterly Asset Level Index reveals a dip in performance for European non-listed real estate in (...)

Finance

European real estate performance reflects impacts of Covid-19 in Q1 2020 - INREV

The negative effects of the Covid-19 pandemic on the European real estate industry are starting to show, according the INREV Quarterly Index for Q1 (...)

Finance

Real estate assets across Europe record a significant drop in performance - INREV

The INREV Quarterly pan-European Asset Level Index, which measures performance of the European real estate market at asset level, posted a drop in total (...)

Finance

Global real estate AUM stands at €3.2tr, up 15.7% - INREV

Total real estate assets under management (AUM) stands at €3.2tr at the end of 2019, according to the ANREV/INREV/NCREIF Fund Manager Survey 2020, a (...)

Finance

Real estate investment: Capital raised pre-COVID-19 hits record high (INREV)

According to the Capital Raising Survey 2020, recently published by Inrev, Anrev, and NCREIF; investment managers recorded a bumper year for capital raised globally in 2019, (...)

Finance

INREV postpones annual conference

The European Association for Investors in Non-Listed Real Estate (INREV) Annual Conference originally planned on 21-23 April, is postponed to 28-30 September due to (...)

Finance

Real estate investors set to move up the risk curve in 2020 - INREV

Institutional investors have signalled a greater appetite for risk in the year ahead, according to the global Investment Intentions Survey 2020 published today by (...)

Finance

Current real estate allocation in main European nations is 11.2%

The current allocation by investing institutions to real estate in the main European nations stands at 11.2% of assets on average, significantly up on (...)

Finance

European property funds set to bring €13bn of assets back to market by 2021

Some 50 European closed-end real estate funds are scheduled to terminate by 2021, releasing a potential €13.2bn back into the market, says European funds (...)

Finance

2018 global property AUM up 12% to €2.8tr; Blackstone first to exceed €200bn

Global real estate assets under management last year rose by 12% to €2.8tr, with Blackstone becoming the first manager to exceed €200bn, say non-listed (...)

Finance

European real estate returns 10.23% in 2018, INREV’s new Asset Level Index shows

European real estate returned a total 10.23% in 2018 - 5.74% in capital growth and income return of 4.27%, according to INREV’s first issuance (...)

Finance

Dutch manager Bouwinvest returns stable 12.4% in 2018, to extend intl growth

Dutch investment manager Bouwinvest posted an unchanged return of 12.4% in its fund portfolio in 2018 and is set to extend its international expansion in 2019. In (...)

Housing

US Greystar, eyeing Euro expansion, adds French student housing firm Acteva

US multi-family and student housing firm Greystar has acquired French student resi specialist Acteva, saying the deal lays the foundation for an ambitious European expansion. Acteva, (...)

Finance

Real estate capital-raising reaches €162bn, but challenge is deployment

A record €161.7 bn of capital was raised for investment into real estate globally last year, but European non-listed property group INREV says the (...)

Finance

Impact investing with ecological, social standards said at 5%, growing fast

Impact investing, limiting capital allocations to strategies that meet ecological and social guidelines, is now pursued by some 5% of global institutions. But more (...)

Finance

INREV attendees see W. Europe as best €1bn investment, UK in the long run

With €1bn to invest over 10 years, 36% of attendees at the INREV conference voted western Europe as the best target region. Britain was (...)

Housing

European PRS still in early stages of institutionalising, says Greystar founder

European rental housing is in the early stages of institutionalising to produce purpose-built product at scale, says Bob Faith, founder of US multi-family and (...)

Finance

California's CalSTRS, Germany's BVK add European strategies to boost returns

Two major pension funds, California's CalSTRS and Germany's BVK, are raising targets for European real estate and adding strategies to boost returns, the INREV (...)

Finance

Europe growing more attractive for Japanese property capital, INREV meeting hears

European real estate is growing more attractive for Japanese institutions for three principal reasons, Tokio Marine Asset Management's Shinji Kawano told the INREV conference. The (...)

Finance

INREV premieres two new indices at asset, fund level to improve transparency

The European non-listed real estate association INREV is launching two new indices, an asset and a fund level index to give managers greater depth (...)

Logistics

S.Europe offers opportunities in logistics, student resi, healthcare, data centres - AXA

Southern European presents specific rather than general real estate investment opportunities - in logistics, student housing, healthcare and data centres, AXA IM's Philippe de (...)

Finance

Global growth slowing but recession unlikely in next three years, INREV conference hears

Even if global growth is slowing, a recession is unlikely for the next three years, Oxford Economics Director Andrea Boltho told the INREV conference (...)

Finance

Real estate fund allocations rise to 10% as investors close on targets

Average real estate fund allocations rose last year to 10.0% from 8.9% while targets climbed to 10.4% from 10.2% narrowing the gap for the (...)

Finance

Non-listed real estate returns slow in third quarter - INREV

Overall returns in non-listed real estate slowed to 1.97%qq in third quarter from 2.19% in 2Q18, with Dutch residential the best-performing asset class, says (...)

Finance

Real estate debt funds still a favoured source of capital - INREV

Real estate debt funds demonstrated a continuing strength this year, reported industry body INREV, as the 67 vehicles included its 2018 Debt Funds Universe report– (...)

Finance

Non-listed fund expense ratios, at 0.86%, highlight growing transparency - INREV

The non-listed real estate fund sector has made a dramatic leap in transparency, says industry body INREV, and a record 115 contributed to a (...)

Finance

Terminating Euro property funds to sell €21bn in next 10 yrs - INREV

A total of 92 European closed end real estate funds are set to terminate over the next 10 years, releasing a potential €20.9bn of (...)

Finance

Aided by consolidation, global property fund AUM rises 22% to average €16.7bn

Primarily due to rapid growth of big managers, aided by a trend to consolidation, average assets managed by global property funds last year rose (...)

Finance

German property funds post highest returns in 10 years at 4.3%

German real estate funds last year posted their highest total returns in 10 years, at 4.29% after 2.68% in 2016, says industry body INREV. Domestic-focused (...)

Finance

European 2017 real estate fund returns surge to 9.40% - INREV

Returns in European real estate funds surged last year to 9.40%, totalling all returns, from 5.99% in 2016, according to the non-listed property fund (...)

Finance

INREV eyes fund returns' index; EU regulatory background remains dynamic

INREV, the European non-listed real estate association, is scaling up its index family to include an IRR returns measure, says new CEO Lonneke Löwik. (...)

Finance

Global RE near end of cycle: Europe furthest away, China past it - Heise

While the global real estate economy is near the end of the cycle, Europe is furthest away and China already past it, Allianz Chief (...)

Finance

Currency costs cut institutions' US investment but family-office interest high - Olsen

The rise in currency hedging costs is impacting allocations to US real estate by European institutions required to hedge, but the interest of wealthy (...)

Finance

Rule of law, transparency, liquidity are key investment criteria - INREV panel

Rule of law, transparency and liquidity in global real estate markets are the key criteria for allocations, the INREV Annual Conference heard in a panel bringing (...)

Finance

Japanese institutions finally enter European property; RFPs land with managers

Japanese institutions are finally entering European property, BIE has learned. Requests for proposals have been landing with several senior investment managers since late last (...)

Finance

Rise of China, America's reaction is biggest geo-political risk - Fischer

The most dangerous geo-political risk facing the world is the rise of China and America's reaction to it, former German Foreign Minister and Vice-Chancellor (...)

Finance

New capital raised for non-listed real estate in 2017 rises 25% to €152bn

New capital raised by global real estate investment managers last year rose 25% to €152.3bn, according to the 2018 Capital Raising Survey, published by (...)

Office

Investors aiming to boost real estate to 10.2%, adding €51bn - report

More than half of all global investors plan to raise real estate exposure in the next 24 months, targeting a median 10.2% allocation, says (...)

Finance

Alternative investments offer yield pickups, growing demand, INREV conference hears

Steady price rises across standard real estate types and yield pickups are prompting more investors to examine alternatives, the INREV Autumn Conference heard. Bus depots, industrial (...)

Housing

Population ageing means lower RE returns, falling house prices – INREV conf

The fast rise of the elderly as a component of developed world populations implies a low-return world and real estate returns at 5-6% over (...)

Finance

Party still ahead for western economies; RE price rises should continue – INREV conf

Western economies are in good shape, and caution since the global financial crisis should give way to normalisation and a top-of-cycle ‘party’ soon, Berenberg Bank Chief (...)

Finance

The CEE opportunity seems clear. So why are west Europeans so cagey?

When you look at the bid/offer spread logic of the South Africans entering eastern Europe, laid out so clearly by the Growthpoint MD on (...)

Investment

Almost 50 funds due to terminate between now and 2019

Over the coming two years 47 funds owning €8.5 billion of assets have their termination dates scheduled. Of the total 47 funds which are (...)

Investment

Four consecutive years of solid growth for funds of funds

Four consecutive years of positive growth saw funds of funds achieve a very solid double digit return of 15.1% in 2016, making last year (...)

Investment

Top 50 fund managers increased their average AUM by €5 billion

This year’s sample of total real estate assets under management (AUM) increased to €2.4 trillion, up 20.1% from €2.0 trillion in 2015. Overall, the (...)

Investment

A total of €121.8 billion new equity was raised for non-listed real estate in 2016

Non-listed real estate remains in favour among investors of all types, especially pension funds and insurance companies. That is the key message from the (...)

Investment

Transparency requires clarity, completeness, comparability and convenient access to data

Investors speak about returns being ‘lower for longer’. If this is the case, expect continuing focus on costs, because in a low return environment (...)

Investment

Non-listed real estate funds back on top as the preferred route to market

This year’s survey was carried out against a backdrop of unprecedented global economic and geopolitical uncertainty, including the UK’s exit from the European Union (...)

Investment

Secondary trading facilitates portfolio rebalancing which can add value

Secondary trading means investors buying and selling shares in funds amongst themselves rather than via the fund manager. To use a simplistic analogy, secondary (...)

Investment

Significant fund terminations over the coming two years

Over the coming two years 72 funds have their termination dates scheduled putting €11.0 billion of the NAV into the market. Of those funds (...)

Investment

A stellar performance for fund of funds in 2015

Funds of funds account for 1.3% or €20.7 billion of the gross asset value (GAV) of nonlisted real estate AUM worldwide according to the (...)

Investment

A total of €123.6 billion new equity was raised for non-listed real estate in 2015

Non-listed real estate remains in favour among investors of all types, and in particular with pension funds and insurance companies. That is the key (...)

Investment

Top half performers demonstrate greater persistency than top quartile performers

It is said that the past does not predict the future; however, a good track record is often one of the criteria for fund (...)

Investment

Investors continue moving up the risk curve with value added now preferred to core

The real estate sector is expected to see an influx of capital in 2016 with a minimum of €48 billion approximately earmarked for investment (...)

Investment

Liquidation continues to be the preferred form of termination

For the second year running liquidation has been cited as the preferred form of termination for the majority of funds, especially so for core (...)

Investment

Strong recovery in the performance of funds of funds in 2014

Fund of funds remain an important non-listed real estate product, representing €28.8 billion of total real estate AUM by fund managers globally, according to (...)

Investment

Capital raised for European non-listed real estate reaches levels only comparable with 2007

The non-listed real estate industry experienced a 27.5% increase in capital raised in 2014 compared to 2013, with new equity rising to €122.7 billion (...)

Investment

Information transparency, document standardisation and increased market size will improve indirect real estate liquidity

Investors identified timing and pricing as two key aspects of indirect real estate liquidity. Entry timing is constrained by the time it takes to (...)

Investment

Core real estate funds offer entry route to investors

Core real estate funds give investors genuine exposure to real estate type returns, according to the report “The Investment Case for Core Real Estate (...)

Investment

Interest from North American and Asian investors drives strong recovery of European capital raising market

In 2013 the European non-listed real estate industry raised a total of €47.3 billion, according to the INREV Capital Raising Survey. This figure includes (...)

Investment

Fund of funds managers shift strategy while learning from the past

The funds of funds industry is undergoing a transformational phase as fund of funds managers are redefining their strategy to convince investors to commit (...)

Investment

Investors bullish about real estate in 2014

The first global Investment Intentions Survey from industry associations INREV, ANREV and PREA shows encouraging signs for real estate investments in France and across (...)

Investment

Investor confidence to translate into increased allocations

Investors’ confidence in the non-listed sector is growing, according to the results of the INREV Investment Intentions Survey 2014. This confidence is reflected in (...)

Investment

Industry demonstrates continued commitment to sustainability

The European non-listed property industry is outperformaing global averages in some aspects of sustainability but is still too heavily focused on policy, according to (...)

Investment

Leverage and underlying properties main drivers of fund performance

The growth of non-listed real estate funds over the last decade has helped establish the asset class as a major investment vehicle. Despite the (...)

Investment

Industry demonstrates continued commitment to sustainability

The European non-listed property industry is outperforming global averages in some aspects of sustainability but is still too heavily focused on policy, according to (...)

Investment

INREV Quarterly Index - Q3 2013

Welcome to the INREV Quarterly Index Release of November 2013, which covers the performance of European non-listed real estate funds in Q3 2013. For (...)

Investment

Market conditions see terminating funds favour extensions

The seventh INREV Fund Termination Study found that the uncertainly of European markets continues to prevent investors form making decisions regarding terminations until the (...)

Investment

Investors liquidating bad performing portfolios primarily in Southern Europe

The results of this year's INREV Fund Termination Study show that investors are liquidating their bad performing portfolios which are mainly located in Southern (...)

Investment

Capital raising figures show confidence in future direction of the market

Despite challenging market conditions the non-listed real estate industry managed to raise the highest amount of equity since 2008. The annual INREV Capital Raising Survey (...)

Investment

First signs since the crisis that investors’ appetite for risk is growing

The results of this year’s Investment Intentions Survey provide the first indication since the crisis that investors’ appetite for risk is growing. This year (...)

Investment

Groundwork in place for improved sustainability efforts

The European non-listed property funds industry is laying the groundwork for an improved focus on sustainability, according to the results of the latest GRESB (...)

Investment

Funds in line to benefit from growing allocations to real estate

The results of the Investor Universe Comparison Study show that non-listed property funds will play an important role as investors' real estate allocations grow (...)

Investment

Another challenging year for capital raising

The European financial and economic crisis continues to negatively affect the non-listed real estate fund industry. For fund raising, this resulted in 2011 being (...)

Investment

Another challenging year for capital raising

The European financial and economic crisis continues to negatively affect the non-listed real estate fund industry. For fund raising, this resulted in 2011 being (...)

Investment

Spoilt for choice? The growing menu of non-listed property products

The range of products covered in the INREV Guide to non-listed begins to signal a maturing non-listed property industry; a universe which can offer investors (...)

Investment

Investors seek low risk products and "safe" countries as economic woes drive market

Investors are demonstrating their aversion to risk in the latest Investment Intentions Survey as they continue to opt for core products and target the (...)

Green

Sustainability standards boots environmental awareness and operational efficiency

In January, INREV released its fist Sustainability Reporting Recommendations. Designed to guide fund managers in determining the data they should be collecting in the (...)