What we offer
Membership of AREF gives people in our industry the opportunity to get involved in maintaining and improving the industry, its reputation for integrity, and the business environment in which it operates.
Full membership benefits
Our Full Membership is seen as the gold standard for real estate funds. It means that the manager has committed to our high standards of governance and transparency, and agreed to comply with our Code of Practice. Full Member funds may use the AREF logo, and refer to the Code in their documentation.
Through our Committees and Working Groups, manager representatives can participate in the lobbying and consultation work that we undertake, to the direct benefit of their funds.
Highly important for most, member funds are entitled to participate in the quarterly produced, AREF/IPD UK Property Fund Index and AREF/IPD Property Fund Vision publication.
Each fund also has its own page on this site, where high level information about the fund can be maintained and a link to the fund’s, or manager’s web-site is included.
Lastly, all member representatives receive our newsletter, invitations to seminars and social events and access to other, member only, areas of this web-site.
The application process
Membership applications are approved by our Management Committee which meets quarterly.
- Fund submits Full Member Application Form
- AREF Secretariat undertakes a Compliance Audit of Fund Documentation to confirm compliance with the AREF Code of Practice.
- Compliance Audit report and Secretariat recommendation submitted to Management Committee
- Approval of membership application confirmed
- Membership commences upon the date of approval and on payment of the fee
- Full membership fees are £7,500 per annum, pro-rated monthly. The membership year commences 1st November.
Our full members
Our current Full Members include real estate funds promoted and managed by most of the UK’s leading fund managers. Fund representatives are drawn from the many functions within the relevant investment house.
Fund structures include many forms of Unit Trust, (APUTs, EPUTs, GPUTs, JPUTs) plus OEICs and ICVCs, Limited Partnerships, Common Investment Funds, Unit Linked Funds and Unit Linked Pension Funds.
Funds may be domiciled in any jurisdiction, as long as the significant investment management or investment advisory functions are conducted in the British Islands.
Funds may be invested in any type of real estate; e.g. commercial, residential, agricultural, leisure, healthcare.
Funds may invest in physical assets as well as listed securities, joint ventures, other funds, debt and derivatives, providing that the underlying asset base is real estate.
Fund investors can be of any type and any nationality.