Amsterdam-based Composition Capital Partners has joined ANREV, the Asian Association for Investors in Non-listed Real Estate Vehicles, as its 100th member. The addition of the boutique fund of funds manager jmarks a milestone in the Association’s development, the Hong Kong-based association said in a press statement. In the past year, membership has almost doubled from 53 to 100 members. ANREV is the Asian counterpart of the European Association for Non-listed Real Estate Vehicles INREV.

'ANREV has made excellent progress in providing vital market information to our industry, as well as promoting industry standards,' said Erwin Stouthamer, Managing Director and founder of Composition Capital Partners, which launched Asia's first real estate fund of funds in 2005. 'These initiatives help to improve industry standards and transparency for the Asian non-listed property markets, helping investors make better informed investment decisions with benchmarks in the region. This clearly is a great initiative; with European and Asian industry practices moving in the same direction, it is going to be much easier for institutional investors to do their job.'

ANREV has seen increased activity in the last 12 months in key markets such as Australia, Japan and Korea in addition to its earlier core markets of Hong Kong and Singapore. In 2011, ANREV will continue to promote the INREV Guidelines in the region and has already successfully begun a series of related training courses to provide practical support to members. Its research initiatives include the development of the ANREV Index, a performance measurement tool for the region, and it will add to its existing research programme with the first Management Fees & Terms study for the region.

Andrea Carpenter, director of Professional Standards and Communications at INREV, has been seconded to Hong Kong to work alongside the ANREV senior management team until the summer.