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Nominations annoced for new award for Outstanding Achievement

Thank you to all AREF Fund Members who submitted their fund for the new AREF Award for Outstanding Achievement. The deadline for submission has now passed, and a shortlist of five funds are being considered by a select panel of Investors from the AREF Investor Committee. 
In alphabetical order, the shortlist of funds are:
  • Janus Henderson UK Property PAIF 
  • Kames Target Healthcare Property Unit Trust 
  • Mayfair Capital Property Income Trust for Charities
  • The Charities Property Fund 
  • Triton Property Fund LP 
Thank you to all fund members who sent in a submission. And congratulations to those who have been shortlisted.
The winner and two commendations will be announced and presented at the AREF Annual Dinner & Awards, hosted at 8 Northumberland Avenue on Tuesday 24th September 2019.
12 July 2019

AREF introduces a new membership category for investors.

Why is AREF relevant to investors?
For some years, sound governance has been high on every investor’s agenda, perhaps now more so than ever. AREF’s Code of Practice hits that target square in the centre, promoting best practice, based on three key principles; operational integrity, transparency and accountability.

Our Code is widely recognised as the gold standard for corporate governance and transparency – effectively, our equivalent to the Stewardship Code. Every member fund of AREF has to sign up to the Code, moving them from mere statements of intent, to a much more demonstrable commitment to the high standards investors expect.

Has your investment got the AREF Quality Mark?
Once a fund has certified that they comply by our latest Code, issued annually, AREF verifies this and awards them with that year’s Quality Mark to use on client reports and marketing materials. This makes it much easier for investors and their advisers to discern which funds have signed up. We hope it gives investors some reassurance and helps them make better informed investment decisions. Read more about our Quality Mark here.

But why would an investor join AREF?
Much of what AREF is striving to achieve is ultimately for the benefit of the underlying investors. Further to establishing industry standards and promoting best practice, AREF acts as a forum, bringing people together to discuss and debate key issues, challenges and opportunities. Together with our lobbying activities, AREF seeks to optimise the operational environment for fund managers and help the industry adapt and evolve, protecting investors’ interests.

Investor Members have access to all our events, keeping you plugged into what’s happening in the real estate investment industry. You’ll receive monthly newsletters, industry updates and research papers.

Importantly, Investor Membership of AREF gives you a voice. Help set our agenda, either via our Investor Committee or through any one of our other eight committees.

As the real estate funds pay for membership, investors in real estate funds, and their advisers, join free of charge.  Register for free Investor Membership by emailing us at:

25 June 2019

A one year old that helps you sleep at night

Our Quality Mark is a year old!  Read the Professional Pensions article here.

24 June 2019

May Newsletter

Click here to view the May Newsletter.

31 May 2019

Sponsor for AREF Summer Drinks Reception 2019

We are delighted to announce that Kames Capital are the sole sponsor for the AREF Summer Drinks Reception. 

Click here for more information on the event. 

14 May 2019

April Newsletter

Click here to catch up with all the AREF news from April.

1 May 2019

New AREF Award 'Investor Award for Outstanding Achievement'

New for 2019, AREF is launching a new Award, open to all AREF Fund Members, to be judged by a select panel of investors from AREF's Investor Committee.

Members are invited to nominate their fund by stating, in no more than 500 words, how their fund excels and why it should be considered for this award.  There are three areas to focus on for the award this year:  Governance (candidates should consider more than the AREF Code of Practice); Environmental & Social Impact; and Investor Communication.  Fund members can make their submission based on any one of these focus areas.

Click here for full details

30 April 2019

New Venue & Date for the AREF Annual Dinner & Awards

We are delighted to announce that the AREF Annual Dinner & Awards for 2019 will be on Tuesday 24th September at the beautiful Victorian Hall 8 Northumberland Avenue, WC2N 5BY.

Click here for full details and to book a table (last few tables remaining).

30 April 2019

Sponsorship Opportunities

If you are interested in sponsoring an AREF event we currently have an opening for the AREF Annual Members Summer Drinks Reception.  Click here for more information. 

24 April 2019

AREF 2019 Code of Practice and 2018 Self Certification Matrix

The 2019 AREF Code of Practice is now live, as is the 2018 Matrix showing member funds compliance against various aspects of the 2018 Code of Practice. 

Click here to view. 

24 April 2019

AREF seeks new Managing Director

Following the announcement Friday of John Cartwright’s intention to stand down as CEO of AREF, the job specification for his replacement is now available on our website here.

Interested parties should contact Deborah Lloyd, Chairman, Association of Real Estate Funds, attaching their CV, along with a covering letter at

16 April 2019

John Cartwright stepping down as CEO of AREF

After ten years as Chief Executive of the Association of Real Estate Funds (AREF), John Cartwright has announced his intention to step down from the role at the end of the year. 

Click here to read the full article. 

12 April 2019

AREF response to DWP Illiquid Asset Consultation

Click here to view AREF's response to DWP's consultation on the Consideration of Illiquid Assets and the Development of Scale in Occupational Defined Contribution schemes. 

29 March 2019

March Newsletter

Click here to view the March newsletter. 

01 April 2019

The Patient Capital initiative

An article in Investment Week quotes John Cartwright, AREF CEO, calling on pension platforms to adapt systems to accommodate the Patient Capital policy shift. 

Click here to view.

21 March 2019

Open-ended Real Estate Funds for the Retail Market

A position paper from the Association of Real Estate Funds. Click here to view.

15 March 2019

UK Property Fund Index results

MSCI has released the MSCI/AREF UK Quarterly Property Fund Index results for Q4 2018, click here to view.

12 March 2019

Non-resident Capital Gain Tax event 

Following on from the successful AREF event last year, AREF are holding a training event to discuss the basics of the Non-resident Capital Gains Tax rules, the specifics for funds and what fund managers should be doing now. 

Click here for more information and to register to attend. 

6 February 2019

AREF strengthens strategic alliance with the Investment Association

AREF is strengthening its strategic alliance with the Investment Association (IA) by becoming a special member of the IA. AREF has had a close relationship with the IA for some years and this new partnership will deepen AREF’s policy and research support, media and communications capabilities.

In terms of your day-to-day interaction with AREF, it essentially remains business as usual. Going forwards however, by combining our resources and expertise, both associations benefit, which will see each organisation realise new opportunities for growth and enable us to expand our member services.

To read the press release please click here

05 March 2019

FutureGen Fund Life Cycle 'Back to Basics' Training Series - Event 1 'Intro to Funds'

To view the Event Summary, Slides and Video from the first event in this series, please click here.

28 February 2019

Response to FCA CP18/40 and DP 18/10

Click to view AREF's response to the FCA CP18/40 on Proposed amendment of COBS 21.3 permitted links rules, and DP18/10 Patient Capital and Authorised Funds.
28 February 2018

February Newsletter

Click here to view the AREF February newsletter.
28 February 2019

Trends in Real Estate Fund Structures 'FORT Series' - Event Video

This event saw the launch of a detailed report on the trends of real estate fund structures.  View the promo video here:

The full video and report are for AREF Members only, however, both are available for a fee.  Click here for more information.

21 February 2019

Chairman's Overview

Deborah Lloyd gives an overview of what members can expect in 2019. Click here to view. 

20 February 2019

AREF General Meeting Notice

The AREF General Meeting will be taking place after the Committee Day on 5th March 2019 at 11.45hrs. 

Download: GM Notice and General Meeting Proxy form. 

AREF GM: Tuesday, 5th March 2019
Venue: Charles Russell Speechlys, 5 Fleet Pl, London EC4M 7RD
AREF GM Start: 11.45hrs - Finish: 12.00hrs

Please let us know if you wish to attend by emailing us at

19 February 2019

Trends in Real Estate Fund Structures

AREF launches a detailed study of real estate fund structures in a report called 'Trends in Real Estate Fund Structures'.  
Through numerous interviews with leading stakeholders in the industry, the report details all structures available and discusses the key issues and trends affecting them both now and the potential for the near future.
The report is an AREF Member-only document but is available to non-members for a fee. 

Click here to read the event summary and view the report.

08 February 2018

January Newsletter

Click here to view the AREF January newsletter. 

31 January 2019

Response to FCA CP 18/27

AREF submitted a response to FCA CP 18/27 Consultation on illiquid assets and open-ended funds. Thank you to all members for your valuable contribution and to the AREF Retail Funds Committee for assisting in drafting the response.

Click here to view the response. 

25 January 2019

AREF Investor Breakfast

Click here to view the event summary from the Investor Breakfast, run in association with Property Match and the Real Estate Investor's Forum on 24th January.

Click here to view the AREF Investors page. 

Thank you to CBRE for hosting. 

25 January 2019

Heightened focus on governance in the year to come

Sound corporate governance has been one of the issues at the forefront of everyone’s mind for some time, fund managers and investors alike, with increased regulation around improving governance and transparency. 

Click here to read this article.

10 January 2019

Changes to the AREF Board

AREF are pleased to announce the appointment of two new Directors to the Board: Rebecca Middleton from DTZ Investors and Paolo Alonzi, from Aberdeen Standard Investments.

Click here for more information.

16 January 2019

FCA CP18/27: Consultation on illiquid assets and open-ended funds

Click here to view more about this consultation.

14 January 2018

AREF Launch new Training Series for Future Generation of Real Estate Funds 

We are delighted to announce the launch of a new 'back to basics' training series aimed at the Future Generation of Real Estate Funds. 

Click here for more information.

This event is proudly sponsored by Carey Olsen

11 January 2019

EU Commision's Report on the operation of AIFMD

The European Commission has published a report on the operation of AIFMD.  Click here to download the report.

January 2019

Guiding Principles for future EU-UK Relations: a real estate investment perspective

To ensure that the UK’s departure from the EU does not disrupt real estate investment in the UK and Europe, the Association of Real Estate Funds (AREF) and 15 other trade bodies have reiterated their call on the UK government to maintain market access and avoid additional barriers.

“Prolonged uncertainty and the potential for sudden changes because of Brexit is very disruptive to the Real Estate Funds Industry, which relies on long-term investment. AREF are committed to maintaining market access for our Members and Investors throughout negotiations and urge the UK/ EU Government to protect market integrity.” 
John Cartwright, CEO, Association of Real Estate Funds
Click here to read the full report. 
14 December 2018

AREF roundtable discussing FCA CP 18/27 Illiquid Assets & Open-ended Funds

Click here to view a summary and event materials from the AREF roundtable on Wednesday discussing FCA CP18/27 on Illiquid Assets & Open-ended Funds.
Click here to go to the Liquidity Management page. 
Thank you to Janus Henderson for hosting.
14 December 2018

Open Ended Fund Pricing Project

Earlier this year AREF partnered with INREV to initiate a focus group of real estate investment managers and their advisors to fully discuss and analyse the issues involved around the best method for pricing open-ended real estate funds. 

The study was offered as a consultation paper and the Phase 1 results were released in July (read more here).

Following on from Phase 1, the project is now progressing to Phase 2 where we will be taking a closer look at topics such as governance around pricing mechanisms and also secondary markets and pricing.

AREF and INREV will be publishing regular updates on the projects to members over the first half of 2019. 

For further information, please email us:

5 December 2018

November Newsletter

Click here to see the AREF Newsletter. 

30 November 2018

AREF/ IPD Index rebrand

MSCI are in the process of standardising the naming of all their global indices with effect from 8th December. 

The AREF/ IPD UK Quarterly Property Fund Index will now be know as the MSCI/ AREF UK Quarterly Property Fund Index. 

Other than the name the index will remain the same. 

14 November 2018

AREF Welcomes the Release of the Technical Note on Capital Gains Tax

"AREF welcomes the release today of the Technical Note, and associated clauses within the Finance Bill, to incorporate the special regime for collective investment vehicles investing in UK property within the wider non-resident capital gains tax rules. These measures should ensure that the tax will be appropriately targeted and should not result in CGT being imposed at multiple levels within investment structures or indirectly imposed on exempt investors such as UK pension schemes, if they invest through collective investment vehicles. The rules take into account a wide range of investment vehicles which are used for investing in UK property. While there remain some practical issues still to be resolved, in particular the reporting and optional withholding regimes which are to be implemented later in regulations, the AREF Tax Committee, which represented members through HMRC technical working groups, thanks the HMRC Policy team for listening to the industry’s concerns and for implementing, based on extensive, open and collaborative dialogue, a practical solution to the issues raised."

Quote from Christopher Austin, Chair of the AREF Tax Committee.

For more information on the Tax Committee including current projects please click here

07 November 2018

AREF Newsletter - October 2018

Click here to download.

01 November 2018

FutureGen Network Event - Retail: Dead or Alive

Did you miss the event?  No problem - click here to view the Event Summary, Watch the Full Video and view the slides.

30 October 2018

F-O-R-T Series - Event 1: Capital Gains Tax

This will be the first in a new and ongoing series of events called FORT, based on topical issues around Funds, Operations, Regulation and Tax.
Tax experts, Matthew Roach of KPMG and Nick Burt of CMS CMNO will be joined by James Konya, Senior Policy Specialist at HMRC and key liason for the AREF Tax Committee,  will take us through the new legislation on CGT to be released soon.    
Click here for more information and to register your place.
2 November 2018

Deadline for Self-Certification

We would like to remind full AREF Members that they are expected to submit a self-certification form and template by December 31st to confirm compliance with the code of Practice for 2018. 

The documents for completion can be found on AREF website here and should be sent to

Once completed you will recieve the AREF Quality Mark for 2018. 

30 October 2018

AREF Newsletter - September 2018

Click here to download.
31 September 2018

AREF recognises key achievements within property fund industry at 2018 Annual Awards

The Association of Real Estate Funds (AREF) has recognised the leading long-term performers and notable contributors to the association, at its Annual Awards Dinner, held on Wednesday 26th September. 
Click here to read the full press release. 
27 September 2018

AREF Award Winners 2018

  • Performance 5 Year Risk Adjusted - Absolute Returns LPI (Limited Price Inflation) Income Property Fund 
  • Performance 5 Year Risk Adjusted - Relative Returns Industrial Property Investment Fund 

Outstanding Individual Contribution This year AREF broke with tradition and presented 2 awards to members who deserve recognition for their work supporting AREF: 

  • Will Chetwood, Aviva Investors - For chairing the Tax Committee for 8 years and his continued support on Management Committee. 
  • Melville Rodrigues, Partner at Charles Russell Speechlys – For his help on the MIFID II and AIFMD Survey and his continued help on the Public Affairs Committee.


  • Affiliate of the Year Browne Jacobson – For being the first legal firm to carry out the self certification audit checks for AREF, on a  pro-bono basis, last year. 

For more information on the AREF Awards including winners from previous years please click here

27 September 2018

AREF Annual Dinner & Awards 2018

This month was the AREF Annual Dinner & Awards Ceremony, held at The Dorchester on Park Lane for the the seventh year running.   
The event began with a champagne reception for over 460 members and their guests, followed by dinner in The Ballroom. AREF Chairman, Deborah Lloyd gave a speech and presented five AREF Awards to winners. After the main course, Comedian and Ventriliquist, Nina Conti, provided entertainment for the guests. Guests were given the opportunity to network with other guests, peers and colleagues again after the dinner. 
Photos from the event can be viewed by clicking here
27 September 2018

FCA Consultation on Illiquid Assets and Open-Ended Funds

The FCA is consulting on proposals to reduce the potential for harm to retail investors in funds that hold illiquid assets, particularly under stressed market conditions, and help address financial stability concerns. 

AREF will be preparing a response to the consultation due on 25 January 2019 and will engage further with members during the process. 

For more information on this please click here.  

8 September 2018

AREF responds to BEIS consultation on Registration of Overseas Entities Bill

Click here to view AREF response.

17 September 2018

AREF Welcomes Canada Life, awarding fund the 2018 Quality Mark

The Association of Real Estate Funds (AREF) has today announced another leading real estate fund business, Canada Life, has joined as a member. The addition of Canada Life’s UK Property Authorised Contractual Scheme takes the number of member funds to 65, representing over £72bn in AUM, the vast bulk of the accessible real estate collective investment market in the UK.

Click here to read the full press release.

17 September 2018

AREF August Newsletter 2018

Read the full newsletter by clicking here.

04 September 2018

Scottish Land and Building Transaction Tax Consultation

On Thursday 2nd August the AREF Tax Committee submitted a response to the Scottish Land and Building Transaction Tax consultation from Scottish Parliament,

The response is aimed at flagging key points particularly around the need to ensure consistency of treatment across the UK. As the response needs to be submitted online (not by way of a letter), it has been deliberately formatted to including the key messages in response to few questions instead of answering every single question. 
For more information on our Tax Committee, click here.  
4 September 2018

Congratulations to the first funds awarded the 2018 AREF Quality Mark

Well done to the Schroder UK Real Estate Fund, the West End of London Property Unit Trust and the M&G Property Portfolio for obtaining the 2018 AREF Quality Mark, after confirming compliance with the AREF Code of Practice for this year.

A reminder to all our members that the Self Certification Forms and Templates are due in by 31 December 2018 (details can be found here:

If you have any questions relating to the Code of Practice, please email:

22 August 2018

Capital Gains Tax update

For the latest news on AREF's work on CGT please click here.

AREF are planning to hold a member event on this topic in October/November 2018, kindly hosted by Link Asset Services. An invite and registration for this event will be sent out in September.

10 August 2018

AREF July Newsletter 2018

Read the full newsletter by clicking here

31 July 2018

Institutional Investor Cost Disclosure

The Instituional Cost Disclosure Working Group (IDWG) was formed to gain agreement on templates for cost and fee disclosure by asset managers to institutionalinvestors including one dedicated to physical assets.

The group published a summary of its recommendations in July 2018. Click here to view the IDWG webpage, including the recommendations. The use of the templates is expected to be voluntary, though encouraged. 

24 July 2018

AREF response to BEIS consultation on Limited Partnership Reform

AREF submitted its response to this consultation on Friday 20th July. 

For a link to the consultation click here.

For a link to AREF's response click here.

To read more about this and other initiatives the Public Affairs Committe are working on click here.

20 July 2018

Chairman's Overview

Please click here to view the Chairman's Overview.


Open End Fund Pricing Project

In 2018 AREF partnered with INREV to initiate a focus group of real estate investment managers and their advisors to fully discuss and analyse the issues involved around the best method for pricing open-ended real estate funds. 

The Study was offered as a consultation paper and the Phase 1 results have just been released:

Read more about the full project here.

18 July 2018

Capital Gains Tax legislation released

The draft legislation (excluding funds) and the proposed treatment of funds were published on Friday 6th July 2018. For more information and links to the legislation please click here.

13 July 2018

AREF June Newsletter 2018

Read the full newsletter clicking here.

29 June 2018

Great Brexpectations - Opportunities & threats for real estate Funds, a Paper commissioned by AREF

With Brexit just months away, we still have no certainty on what this means for the investment fund industry. At the Association of Real Estate Funds we asked a selected group of experienced individuals , all grappling with different Brexit issues, for their views on the implications, opportunities and threats.

22 June 2018

AREF Inaugral FutureGen Drinks Event - 11th July

For more information on the AREF FutureGen event see the events page of the AREF website here.

This event is open to FutureGen staff at all AREF Member and Investor firms. 

05 June 2018

AREF promotes transparency & corporate governance with launch of Quality Mark. 

Click here to view the full press release.

04 June 2018

AREF May Newsletter 2018

Read the full newsletter by clicking here.

01 June 2018

Tax: UK pension Funds digest implications of proposed tax change

Deborah Lloyd, Chair of AREF and Cathryn Vanderspar, Eversheds Sutherland explore what the UK’s capital gains tax proposals could mean for pension funds, and how AREF is responding.

Click here to read the full article.

29th May 2018

LGPS Pooling (joint AREF/IPF Event) - Post-event Summary

Following the success of the two LGPS events in 2017, the IPF and AREF ran a further update seminar that considers the implications for property of the government’s requirements for the existing 89 Local Government Pension Scheme (LGPS) in England and Wales to ‘pool’ their investments.

Click here to read the Post-event Summary

11 May 2018

MSCI consultation on EU Benchmark Regulation regarding EU Real Estate Indexes

To view the summary of the roundtable AREF held on 3 May please click here.

MSCI released a consultation (click here for link) on EU Benchmark Regulation in relation to the MSCI Asset-based and Fund-based Real Estate Indexes.

3 May 2018

Brexit - are you prepared? Post-event Summary

With less than a year before the UK leaves the EU, this event focused on the current and future impact of Brexit on the real estate fund industry.  We had the chief economist of Toscafund Asset Management, Savvas Savouri; Lord Oakeshott, co-founder and chairman of OLIM Property; Victoria Brown, head of regional management EMEA at Aberdeen Standard; Alex Bignell, head of UK at CBRE Global Investors.

Click here to read the Post-event Summary

3 May 2018

Retail Property: time to check out?

Amid poor retail data, the rise and rise of internet shopping and recent high-profile failures, John Cartwright, CEO of the Association of Real Estate Funds (AREF) asked three prominent members of AREF to give their views on this troubled sector.

Click here to view this article, which was written specifically for the IFA investor channel and published by Advisor-hub, who have over 15,000 subscribers

5 April 2018

AREF March 2018 Newsletter

Read the full newsletter by clicking here.

29th March 2018

Disruptors in the Industry Event, 06/03/18 - Video

The property sector is evolving with the emergence of disruptors such as ‘proptech’ changing the way we do business. AREF’s latest event brought together three leading innovators discussing how they are disrupting the industry.

View the short clip here

FULL event video can be viewed here (Members and Investors only).

(The slides from the event can be found here).

KPMG survey on AIFMD

KPMG have produced an online survey to gauge the views of all stakeholders impacted by AIFMD. We would strongly encourage members to complete the survey as the more responses KPMG receive on any particular issue, the stronger the case would be for changes to take place. 

Earlier this month, AREF held a Roundtable event to hear our members thoughts on the Directive. With the help of the Public Affairs Committee AREF have formulated a draft response on the areas of AIFMD which are of concern to members.

To view further information, including the AREF response to this survey please click here. 

Please feel free to use AREF’s proposed response as a basis for your own response.

21 March 2018

AREF February 2018 Newsletter

Read the full newsletter by clicking here.

1 March 2018

AREF Response to HMRC/HMT Capital Gains Tax consultation

To view the AREF response please click here (this is available to members only).

To read more about the Captial Gains Tax changes click here.

19 February 2018

Chairman's Overview

Read the full Chairman's Overview here.

13 February 2018

AREF January 2018 Newsletter

Read the full newsletter by click here.

1 February 2018

Capital Gains Tax Consultation

AREF recently hosted two events on CGT to gather industry views for the response to the HMT/HMRC Consultation. 

A summary of the event can be viewed here.

Please send any feedback to

30 January 2018

Survey regarding HMT/HMRC consultation on Taxing Gains made by non-residents on UK immovable property

As you will be aware the HMT/HMRC published a 12 week consultation “Taxing gains made by non-residents on UK immovable property” on 22 November. They are proposing some potentially major changes that could have a significant impact on property funds and their investors. 
To assist AREF in preparing its response to this consultation we are asking our members to answer a short survey by Thursday 25 January. 
18 January 2018

MiFID II and Non UCITS Retail Schemes

The Regulation Committee are considering the effect of MiFID II on AREF members. One of the areas that is particularly relevant to AREF member funds that are Non UCITS Retail Schemes (NURS) is whether such funds should be regarded as “complex” or “non-complex”. - for more information click here.

19 December 2017

Survey of Financial Advisors Quarterly Report

Highlights from the latest survey of Finacial Advisers are as follows: 

  • The proportion of advisers expecting positive returns over 1 and 3 years has increased again. 
  • 29% of advisers are expecting double-digit average returns per annum over five years from their property investments
  • The average per annum return expectation over 3 to 5 years is 6% and 9% respectively

For more information visit the survey page of the website here.

15 December 2017

AREF December Newsletter

Read the full newletter by clicking here

15 December 2017

Capital Gains Tax for non-residents

Many of you will be aware that in the budget on 22 November 2017 the Chancellor announced changes to the taxation of capital gains on real estate disposals by non-residents. These changes are likely to impact many real estate funds. 

For more information go to the 'CGT Changes' page here

AREF are hosting a roundtable in January to discuss these changes, you can find more information on the events page here

7 December 2017

AREF November Newsletter

Read the full newlestter by clicking here.

1 December 2017

Open End Fund Pricing Study

The Open End Fund Pricing Study is a consultation paper and the initial output from a focus group jointly commissioned by the Association of Real Estate Funds (AREF) and InRev, the European Association for Investors in Non-Listed Real Estate Vehicles

Click here to read more about the project

Click here to download the consultation

29 November 2017

AREF 2018 Events - Save the Date

AREF Summer Drinks - Thursday 14 June

AREF Annual Dinner - Thursday 20 September 

Global Real Estate Funds Review H1 2017

Click here to view the publication.

13 November 2017

New Committee Member 

Belinda Souter, CBRE Global Investors, has joined the Public Affairs Committee. 
Click here for further information on our Public Affairs Committee.

2 November 2017

Welcome New Members

Vengrove Ltd join as an Associate member and Cushman & Wakefield join as an Affiliate member.

1 November 2017

AREF Newsletter

Read the full newsletter by clicking here.

31 October 2017

Committee Vacancy

The Investor Committee is seeking new members. We are keen to engage representatives of end investors, particularly those with a pan-European or global brief, and also representatives from the Financial Advisor/Wealth Manager community.  Click here for future information on the committee.  Please email if you are interested.

30 October 2017

AREF Code of Practice - Self-Certification Process

We would like to remind full AREF members that they are expected to submit a self-certification form and template by the end of the year to confirm compliance with the Code of Practice for 2017. These can be found by clicking here and should be sent to Please note that a template must be completed this year.

23 October 2017

AREF Event 'Outlook for the Global Real Estate Market'

Click here to read the Event Summary and view the slides.

19 October 2017

MSCI release the Q3 2017 results of the AREF/IPD UK Quarterly Property Fund Index

Click here to view.

18 October 2017

MSCI release the Q2 2017 Property Fund Vision Handbook 

Click here to view.

13 October 2017

AREF launches new FutureGen Sub-Committee

Click here to read more.

4 October 2017

Joint AREF/IPF Event 'Real Assets - One Step Beyond'

Click here to read the Event Summary and view the slides.

3 October 2017

AREF Team News

Ed Protheroe joins the AREF team as Strategy Consultant - Ed will be working with our current team, in external communications and through direct engagement with current and prospective members and will be seeking ways to enhance the value proposition of the Association, making the value-add of AREF more demonstrable and broadening its appeal.

3 October 2017

Survey of Financial Advisors Quarterly Report

Click here to view the full survey.

30 September 2017

AREF Annual Dinner & Awards

Click here to see who won in 2017 and view photos from the evening.

27 September 2017

AREF Event

'Driving Factors and the future of Real Estate Fund Structures' in Jersey - click here to view the event slides.

20 September 2017

End of Fund Life Project

In the past few years, a growing number of funds have reached the end of their life and the process to liquidate, restructure or extend has been undertaken.  The success of this procedure appears to have been somewhat mixed leaving some investors and fund managers, no doubt, frustrated and disappointed.  This led to INREV, AREF and IPF setting up the End of Fund Life Project.

Read more about the Project and download the report here.

September 2016