INREV (the European Association for Investors in Non-Listed Real Estate Vehicles), has appointed Johan van der Ende, as its new chairman. Van der Ende (48) is Chief Investment Officer for Strategy and Structured Investments at Dutch pension fund PGGM, which has real estate assets under management of about 12 billion.
"The INREV funds database and index are the anchors of what the association is trying to achieve in terms of market benchmarking and comparability between funds. I intend to make the development and quality of the database and the INREV Index a key focus of my work," Van der Ende said at INREV's annual conference in Madrid.
He added that the implementation of INREV's professional standards and guidelines - and their adoption by the industry - together with the roll-out of a training and education programme, are two other areas of strategic focus in 2007.
Johan van der Ende, INREV's new Chairman
"I'm honoured and excited to be given the opportunity to play an integral part in INREV's work and its success story," he said.
Van der Ende succeeds Michiel Olland who has been INREV Chairman since its inception in May, 2003. Olland was formerly Executive Vice-President for real estate in Europe and Asia-Pacific at Dutch pension fund ABP, which currently has property assets under management of over 25 billion. Since February, 2006, he has been Director Southern Europe/New Markets at SNS Property Finance in the Netherlands.
"The position of the Chairman has evolved, in line with the development of the association, from a managerial to more representative role, as INREV's Management Board monitors the association's performance and oversees strategy. Because INREV is an investor-driven organisation, I am delighted that Johan is coming from one of the major institutional real estate investors and his long experience in the investment industry makes him exceptionally qualified for the post," Olland said.
"I'm extremely proud of what's been achieved in four years. I think it's fair to say INREV has become the leading platform for information, networking and the initiation of new professional standards in the non-listed real estate market," he concluded.