The first hundred days (give or take a hundred)

It has now been over 200 days since I joined AREF but, since half of that has been taken up with the lockdown, this feels like an appropriate time to look back and take stock. 

Member only content

CREFCE Young Leaders are holding a Women In Leadership event

CREFCE Young Leaders are holding a Women In Leadership event which they have kindly invited the AREF FutureGen Network to attend.

AREF CTI & Expense Ratio Working Group

Click to view an update on the CTI template which can now be used for closed-ended real estate funds and real estate debt funds.

Member only content

EU consultation on ESG disclosure 

This will directly affect managers regulated under the EU AIFMD and indirectly affect EU insurance companies and occupational pension schemes that are major investors into real estate.

FCA rules and fund suspensions due to material valuation uncertainty

Click to read which type of funds are affected by new FCA rules on fund suspensions due to material uncertainty.

Liquidity Management Contingency Plans

AREF has produced a template which AFMs can use as a basis for their requests for information from intermediate holders.

PFI Performance data for Q2 2020 released

Brexit Update - FCA and ESMA confirm the status of MoUs in case of a no-deal Brexit

Adrian Benedict announced as the new Chair of AREF

Adrian’s expertise and knowledge of the sector will help the organisation and its members navigate this critical period. View an interview with Adrian.

FCA to consult on open-ended daily dealt property funds

Chris Woolard, Interim Chief Executive at the FCA gave a speech announcing the FCA’s intention to openly consult on potential policy options to better manage the liquidity mismatch of open-ended daily dealt property funds.

A message on Diversity & Inclusion from Paul Richards, MD

I want to focus this month on one particular theme that I outlined in January at the beginning of my tenure: Diversity & Inclusion. This is one of AREF’s five priorities and has been a concern of the Board for a number of years, but it is particularly appropriate to focus on it during Pride Month and in the light of the recent Black Lives Matter protests and the concurrent messages from black investment industry colleagues highlighting the racial discrimination that they have encountered. As a member organisation AREF inevitably reflects its members and the wider UK property investment industry and I’m therefore going to focus on two levels of activity: firstly, AREF itself and, secondly, what AREF can do within the wider industry. Click to read more...

Accounting issues in respect of the treatment of rental income & distributions for funds

In recent weeks a number of members have raised a possible accounting issue over the treatment of rental income and the impact on distributions. Click to read more...

IA Brexit update: Ministerial Statement

Click to read an update from the IA on a major announcement from the Chancellor 23rd June on the future of FS regulation post-Brexit.

Welcome new FutureGen Committee Members

View our new committee members here.

Member only content

For member comment: Code of Practice for Commercial Property - Final version released

View the final version of this code, released by the Government

New fund vehicle proposed

Some minor changes have been made to the PIF Proposal for clarity, click to view.

Remote working in a post-coronavirus environment: FutureGen Whitepaper

In this whitepaper, the FutureGen Committee aims to look at how remote working has affected young professionals, whether this trend is here to stay, and what more our employers can be doing to help during such unprecedented times.

Sustainability disclosure 

The consultation on the Sustainable Finance Disclosure Regulation “SFDR” Regulatory Technical Standards for sustainability reporting is hugely significant for the real estate industry.

Member only content

For comment: Draft Government Code of Practice for Commercial Property

Brexit update - Fourth round concludes without any meaningful breakthrough

Click to read an update from the IA on the fourth round of technical Brexit negotiations.

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