The Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV) has reached a member count of 200, after a London-based property company with aspirations to expand into Asia joined.
Headquartered in Hong Kong, ANREV saw 30 new registrants signing up for membership in 2014. The latest addition was of the London-based real estate firm and asset manager Chelsfield Group.
Chelsfield is set to be the new home for Nicholas Loup, ANREV’s chairman, who will join the company this year after more than 20 years running another London-based property company, Grosvenor.
This year’s other new members include investors, fund managers, service providers and academics from Europe, the US, Korea , Japan, Australia, Hong Kong, Singapore, China and India.
ANREV, affiliated to INREV in Europe, aims to introduce more transparency in the non-listed real estate fund market in Asia by establishing standard guidelines. Its member base now comprises 70 percent of the top 50 largest fund managers and five of the top 10 largest investors in the world, according a statement released by the association.
ANREV’s increased activity in China and India in 2014 has led to new members being added from the two countries, said Loup in the announcement.
“Reaching the 200 member mark is a very important milestone for ANREV, which allows us to further consolidate our position as a leading industry body,” he said. “It is our great pleasure to welcome an industry leader from the UK as the 200th member.”
He added: “Over the years ANREV has steadily attracted new members while improving its output and services. ANREV’s performance measurement index was the first of its kind when launched three years ago. Our 50-plus events each year in the Asia-Pacific region attract a diverse audience and our annual conference has become well-known as a premiere real estate conference for industry participants.”
Last year, ANREV made a series of appointments to strengthen its team in the region: Alan Dalgleish was appointed as chief executive and Jeremy Stewardson, who had been the incumbent chief executive for four years, moved to a strategic consulting role within the organisation. Taking over as the director of research and professional standards was Amelie Delaunay, who was previously with real estate advisory CASP-R.