Record performance of the ANREV all funds index

• ANREV’s All Funds’ Index returned 4% in Q4 2015
• Core funds, Australian funds, open end funds and single sector funds all register their best performance since the inception of the ANREV index in 2010

Data contributions were received from 84 funds with a total gross asset value of US$81.9 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 in May.

To participate in the ANREV Index, please contact Amélie Delaunay at [email protected] or Henry Lam at [email protected] to take part in this industry-led initiative or if you have any questions about the ANREV Index.

It is an index showing 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 2015.

The GREFI was updated for the first time on a quarterly basis following the first quarterly release of the ANREV Index for Q1 2014. From Q1 2014 onwards, the GREFI has been updated 12 weeks after the quarter end. This index release follows the same structure of previous releases. The technical specification has also updated and all numbers are also available in an Excel file.

The GREFI Q4 2015 update release includes the performance of 430 funds compared to 454 funds as of Q3 2015. This difference is due to the lower number of funds delivering data in Asia Pacific and Europe, as some funds need additional time to finalise and audit year-end figures.

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

The ANREV / INREV / NCREIF Capital Raising Survey 2016 explores capital raising activities into the non-listed real estate industry in 2015. The particular focus of the report is on Asia Pacific vehicles. The survey provides insights by region, product type, investment strategy, and where possible presents a historical comparison based on previous studies.

The 2016 survey attracted a record number of participants with 153 fund managers globally completing the questionnaire, a 7.8% increase compared to 2015 when 142 fund managers responded to the survey. In total, the majority (85 or 55.6%) of fund managers were from Europe, followed by those domiciled in Asia Pacific (46 or 30.1%) and North America (22 or 14.4%). 

Highlights:

• US$134.8 billion of new equity raised for non-listed real estate in 2015
•  Non-listed real estate vehicles continue to attract investors of all types
• Pension funds are the biggest source of capital globally 
• Europe was the most popular target market
• US$18.4 billion raised for Asia Pacific

ANREV, INREV and NCREIF would like to thank fund managers for their participation in the Survey.

For further information please contact [email protected]

In 2010, Deutsche Asset Management’s (Deutsche AM) real estate business acquired G-Square, a 6,800 square meter office building in Tokyo.

Upon acquisition, G-Square underwent improvements to upgrade the building in order to qualify and apply for the CASBEE (Comprehensive Assessment System for Built Environment Efficiency).

Similar to BREEAM in the U.K. or LEED in the U.S., CASBEE is a tool for assessing and rating the environmental performance of buildings and built environment in Japan. BEE (Building Environment Efficiency), using Q and L as the two assessment categories, is the core concept of CASBEE. The assessment results for buildings can be ranked on a diagram as class C (poor), class B-, class B+, class A, and class S (excellent), in order of increasing BEE value.

Earning a CASBEE (Comprehensive Assessment System for Built Environment Efficiency) “A” rank is an important differentiator among a tenant base in the Shibuya submarket. This will attract younger, creative technology companies that focus more on modern, healthy workplaces and resource efficiency.

Many thanks for your continued support to ANREV Young Professional Initiatives (YPI) over the past years. To date, the YPI has been aimed at building a sustainable exchange allowing younger professionals like yourself within the industry to network, keep current and be nurtured through various programs.

We are glad to announced that the ANREV Young Professionals Mentorship Program 2016 is now accepting applications from mentees. The mentorship program will allow you to foster an exchange of professional ideas and mentorship with experienced, senior management members within the unlisted real estate funds industry. The mentors within the program come from various backgrounds and from well established firms within the ANREV membership. 

Please submit your application by completing the mentee application form and send to ANREV Executive Office on or before 18 March 2016.

Taking advantage of the wholesale conversion scheme by the Hong Kong Government, Pamfleet acquired an industrial building at 164 Wai Yip Street in Kwun Tong and re- positioned it as a quality office property. The building went through the process of BEAM plus certification, a green building certificate issued in Hong Kong.

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 Henry Lam at [email protected]

Sydney’s Masters Home Improvement store at Chullora Business Park, New South Wales, Australia, is a unique and outstanding example of the adaptive reuse process. Goodman has redeveloped a former vacant and redundant warehouse into a new, modern retail facility, whilst retaining elements of the original building.