AREF has a unique Code of Practice, widely recognised as the gold standard in corporate governance. With investors in real estate funds increasingly looking at governance, as well as environmental and social issues, membership of AREF and hence commiting to the Code of Practice, allows funds to display our Quality Mark. This makes it easier for investors and their advisers to discern which funds have and which have not made this commitment.
Click the relevant links below to view the Code and Self-Certification Matrix:
The AREF Quality Mark
In June 2018 AREF launched a Quality Mark to highlight those member property funds which are achieving a high standard of transparency and corporate governance, through adherence to our Code of Practice. The Code outlines a framework for good corporate governance within real estate funds, as well as aiming to promote consistency and comparability between funds.
AREF is unique among industry associations in the fact that we police the Quality Mark. Every year a number of funds are selected for an audit to check they are complying with the Code of Practice and are entitled to carry the Quality Mark. The policing is undertaken by our member law firms on annual rotation and we would like to thank Browne Jacobson and Charles Russell Speechly for their work in the first 2 years.