Due diligence protocol 'to cut costs' for property investors

The European Association for Investors in Non-Listed Real Estate Vehicles (Inrev) has said the new Due Diligence Protocol for non-listed institutional real estate funds launched last week could significantly cut costs and bureaucracy for European property investors and fund managers alike, by establishing an industry-wide standard for this key part of the investment process. 'The current due-diligence system creates significant bottlenecks in the real estate fund investment process. From the fund managers' side they may have to process a large number of different questionnaires from investors,' said Jens Christian Britze, a member of Inrev's Due Diligence Protocol working group. 'From our perspective, if we can work with one core standard document, then it will leave more time to really study the distinctive points of fund offerings,' he added.

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