Important Notice

The information contained in this website is provided by AREF and is strictly for information purposes. It is not intended to be, nor should it be construed as, an invitation or an inducement, direct or indirect, to any person to engage in investment activity within section 21 of the UK Financial Services and Markets Act 2000.

In any event, the information contained in this website is directed only at:

1. investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial promotion) Order 2001 (the "FPO"), who have experience of matters relating to investments; and
2. persons falling within Article 49(2) of the FPO.

Units in the collective investment schemes, and any other investments, referred to in this website are only available to such persons.

Persons of any other description should not rely or act upon the information set out in this website. If you are in any doubt as to whether you fall within either of these categories above you must not rely or act upon the contents of this website unless you have taken professional advice which has confirmed that you fall within one of these categories.

The information presented herein is intended solely for use by such persons and is not for distribution. Its presentation does not constitute an offer to sell or the solicitation of an offer to buy units or shares in the funds mentioned in any jurisdiction where such activity is prohibited including the United States of America.

On this website you may be offered hypertext links to other sites. This should not be regarded as a recommendation and The Association of Real Estate Funds, its committee members and Secretary do not accept responsibility for the content of those websites.

The operator of each collective investment scheme or other investment referred to in this website is responsible for updating its own website. Links to this information are provided for your information and convenience. AREF is not authorised by the Financial Services Authority and is not subject to its rules.

Potential investors should note that past performance is not necessarily a guide to future performance; the price of units and the income from them may fluctuate upwards or downwards and cannot be guaranteed. Units or shares in unauthorised or unrecognised collective investment schemes investing in property are not readily realisable investments. Potential investors should be aware that the underlying property of these vehicles may not be readily saleable and that the value of the property is generally a matter of valuer's opinion. There is no recognised market for the investment and it may be difficult for the investor to deal in the investment or for the investor to obtain reliable information about its value or the extent of risks to which it is exposed.

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