INREV, the association representing the non-listed real estate funds industry in Europe, has appointed Berend Scholten to the new post of Director Professional Standards.
"We are very pleased to welcome Berend, who will work closely with investors and fund managers in helping to develop new professional standards and implement existing guidelines for European real estate funds. These lie at the heart of what INREV does and the creation of a new full-time position indicates how seriously we take the professionalism of the industry," INREV Chief Executive Lisette van Doorn said.
From 1996, Scholten worked as in-house legal counsel for ING Real Estate, where his responsibilities included the establishment of property funds, real estate investment, reviews of mergers and acquisitions and joint ventures, and regulatory affairs.
Scholten started his career at Houthoff Advocaten in the Netherlands in 1990, where he qualified as attorney-at-law.
"My primary focus will be getting existing standards, such as the INREV Corporate Governance and Reporting Guidelines implemented within the industry. A lot of work has been done on developing these initiatives within INREV, but further promotion and education is required to ensure application of existing standards," Scholten said.