INREV appoints new management board

INREV, the European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its management board: Christian Delaire, CEO of AEW Europe; Matthew Ryall, head of Indirect Investment, Allianz Real Estate; and Neil Harris, senior Vice President, head of Asset Management, Europe, GIC Real Estate International.

In a press statement, INREV said the appointments reflected the current state of the non-listed real estate market, which is facing increasing regulatory pressure and a greater need for global standardisation. Matthew Ryall from Allianz, one of Europe's largest life insurance groups, brings first hand experience of how regulation, especially Solvency II, will impact the industry; Neil Harris from GIC, one of the world's leading sovereign wealth funds with a head office in Singapore, demonstrates INREV’s further commitment to promoting global standardisation; and Christian Delaire, from AEW Europe, one of the leading European real estate asset and investment managers, increases French representation on the board, a key and growing market for the industry.

INREV's top three priorities for the year ahead include the implementation of a public affairs mandate; taking a proactive role in promoting global standardisation; and increasing the coverage and quality of the INREV Vehicles Database and the INREV Index

Matthias Thomas, CEO of INREV, commented: 'This year's appointments signal an exciting era for INREV as we set ambitious objectives which will see us continue to support our members needs in today’s market - we are very lucky to have such talent joining us. We are also saying a fond farewell to the last remaining members of the original board and thank them for all their hard work for INREV and its members.'

The last two remaining members of the original board, Chris Morrish, managing director & regional head, Europe of GIC Real Estate, and Leif Andersson, CEO at AREIM, Sweden, have stepped down after serving their maximum term on the board.

Tobias Pfeffer, Manager Indirect Investments, Generali Deutschland Immobilien, Germany has also stepped down after moving roles to become a fund manager. This was necessary in order to maintain the appropriate investor/fund manager split on the board.