EUROPE - Lisette van Doorn is leaving the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) to rejoin ING Real Estate Investment Management.

Van Doorn became chief executive of the association in April 2005, following her departure from the position of managing director of the research and strategy department at ING REIM.

Four and a half years later, INREV has announced that van Doorn is leaving the industry body to become the country manager for ING REIM's Italian operation and fund manager of ING Retail Property Partnership Southern Europe.

INREV said van Doorn had made "an outstanding contribution" to the non-listed real estate funds industry during her four years at the association; a period when membership doubled from 150 to 319 from 31 countries.
Van Doorn won IPE Real Estate's annual award for outstanding industry contribution in 2007.

She was instrumental in establishing INREV's industry guidelines and developing the association's index, which has grown to represent 224 funds from an original 87.

Van Doorn also drove the implementation of a full training and education programme, and built up the association into a full working team.
"Obviously we will be sad to see Lisette move on, but we wish her well with her new appointment," said Johan van der Ende, chairman of INREV.

"During her four years with INREV, she has transformed the association, growing it from a team of two to a highly successful and professional team of 15. INREV has worked hard to aid the non-listed real estate industry in becoming an asset class in its own right. I believe this is evident in how the asset class has matured over recent years and it is obvious that
Lisette has delivered an important contribution to this," he added.

On announcing her departure, van Doorn said: "It has been a pleasure to be a part of such an astounding growth period for the market and to have played a role in supporting the industry in the development of non-listed real estate funds as an asset class in its own right. I have thoroughly enjoyed my role, but feel that now is the time for me to hand over to someone else as I take up my next challenge."

In her new role at ING REIM, Van Doorn will be responsible for ING REIM Italy's €1.3bn Italian fund and asset management business.

INREV is now actively seeking a new CEO and will make an announcement in the near future.