This article is from the Australian Property Journal archive
THE Property Council of Australia is spreading its wings into Asia Pacific by forming a strategic alliance with the Asian Association for Investors in Non-listed Real Estate Vehicles.
The two organisations will collaborate on developing and promoting industry guidelines for the region. This includes the INREV Guidelines, which are endorsed by ANREV in the region. In addition, the two organisations will support each other on mutually beneficial research and data collection, and partner on events for its members.
ANREV will work closely with the Property Council’s Unlisted Funds Roundtable Group, which was set up to share best practice and develop industry standards among players in the Australian non-listed sector.
Grosvenor Asia Pacific CEO and ANREV chairman Nick Loup said this alliance ensures a two-way dialogue on best practice and standards that can help improve transparency.
“The maturity of the Australian market means it plays an important role in Asia Pacific and this will continue as international capital flows increase in the region,” he added.
PCA CEO Peter Verwer said working with ANREV on industry standards will promote best practice and consistency for fund governance and reporting in the Australia non-listed sector.
“The INREV Guidelines already offers a base for common language for the industry in Europe, which can open up the market and encourage greater commerce within the sector,” he concluded.
Australian Property Journal
