Topical research covers both in-house and external publication on a range of topics which drives the direction of the commercial real estate industry, intending to give insights to the trends and opportunities across Asia Pacific.

The Red Paper series consists of research papers prepared by the market-leading fund managers, investors and commercial real estate service providers. Each paper provides an in-depth analysis and thought leadership on a specific key issue or sector, offering the leading edge of current thinking and guidance on effective investment decision-making.

  • ANREV, INREV and NCREIF are pleased to present the first in a series of quarterly snapshots on what’s happening in the global real estate investment market.

    In this short two-page snapshot, the Global Research Committee will share their views and paint a picture of the global landscape drawing on data and insights from recent global indices and global surveys, conducted by all three associations.

    Key highlights February 2023 include:

    • A synchronised downturn in the performance of real estate vehicles across all regions.
    • Fast market correction may be needed to erode the denominator effect
    • Upwards pressure on real estate yields can be expected because of a shrinking buyer pool
    Global Market Insight - February 2023PDF
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    Global Market Insight - May 2023PDF
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  • Fund managers remain focused on financial performance amidst growing interest in sustainability Sustainability has been gaining traction as a concept in recent times. Nonetheless, fund managers appear to be primarily still interested in the bottom line.
    Correspondingly, this study was conducted by Jeslyn NG, to uncover the possible influence of ESG factors on the performance of private equity real estate funds in Asia Pacific.

    Influence of ESG factors on the performance of private equity real estate funds in APACPDF
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  • In light of the COVID-19 pandemic, ANREV has conducted an additional survey investigating funds’ valuations under COVID-19.

    The ‘Impact of COVID-19 on valuations’ survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q3 2021. They were asked to fill in the extra questionnaire to look into the impact of the “Material Uncertainty clause” on asset valuations, suspension of trading and status of rent collection.

    For any questions, please contact Sharon Chan.

    COVID-19 Valuations Survey Q3 2021PDF
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  • In light of the COVID-19 pandemic, ANREV has conducted an additional survey investigating funds’ valuations under COVID-19.

    The ‘Impact of COVID-19 on valuations’ survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q2 2021. They were asked to fill in the extra questionnaire to look into the impact of the “Material Uncertainty clause” on asset valuations, suspension of trading and status of rent collection.

    For any questions, please contact Amélie Delaunay.

    COVID-19 Valuations Survey Q2 2021PDF
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  • In light of the COVID-19 pandemic, ANREV has conducted an additional survey investigating funds’ valuations under COVID-19.

    The ‘Impact of COVID-19 on valuations’ survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q1 2021. They were asked to fill in the extra questionnaire to look into the impact of the “Material Uncertainty clause” on asset valuations, suspension of trading and status of rent collection.

    For any questions, please contact Amélie Delaunay.

    COVID-19 Valuations Survey Q1 2021PDF
    Download
  • In light of the COVID-19 pandemic, ANREV has conducted an additional survey investigating funds’ valuations under COVID-19.

    The ‘Impact of COVID-19 on valuations’ survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q4 2020. They were asked to fill in the extra questionnaire to look into the impact of the “Material Uncertainty clause” on asset valuations, suspension of trading and status of rent collection.

    For any questions, please contact Amélie Delaunay.

    COVID-19 Valuations Survey Q4 2020PDF
    Download
  • In light of the COVID-19 pandemic, ANREV has conducted an additional survey investigating funds’ valuations under COVID-19.

    The ‘Impact of COVID-19 on valuations’ survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q3 2020. They were asked to fill in the extra questionnaire to look into the impact of the “Material Uncertainty clause” on asset valuations, suspension of trading and status of rent collection.

    For any questions, please contact Amélie Delaunay or Katrina Wong.

    COVID-19 Valuations Survey Q3 2020PDF
    Download
  • In light of the COVID-19 pandemic, ANREV has conducted two additional surveys investigating market sentiment and funds’ valuations under COVID-19.
     
    The market sentiment survey targeted senior investors and investment managers and asked their views on the impacts of the pandemic on Asia Pacific markets. 

    The ‘Impact of COVID-19 on valuations’ survey was distributed to fund managers during the data collection of ANREV Quarterly Index Q2 2020. The manager were asked to fill in this extra questionnaire to look into the impact of the “Material Uncertainty clause” on assets’ valuations, suspension of trading and status of rent collection.

    The snapshot summarising the findings of the 'market sentiment' and ‘Impact of COVID-19 on valuations’  surveys can be downloaded here.

    COVID-19 Sentiment and Valuations Survey Q2 2020PDF
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  • In light of the COVID-19 pandemic, ANREV has surveyed the fund mangers who are currently included in the ANREV Quarterly Index and asked about the impact of COVID-19 on valuation, suspension, and rent collection.

    The survey covered 78% or US$97.5 billion GAV of the ANREV Quarterly Index Q1 2020. A snapshot summaring the results can be downloaded below.

    [Snapshot] Impact of COVID-19 on valuationsPDF
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  • In light of the COVID-19 pandemic, ANREV has conducted a small survey to assess sentiment across the region in terms of confidence on the allocations, markets and sectors, as well as impacts on the workplace. The market sentiment survey targeted senior investors and investment managers members of ANREV Management Board and councils and asked their views on the impact of the pandemic on Asia Pacific markets.

    A snapshot summarising the results of the survey can be downloaded below.

    [Snapshot] ANREV COVID-19 Survey - Market SentimentPDF
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