Quarterly newsletter from Investment20/20
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Climate analysis: submit data for the UKPFI pilot!
MSCI has developed a tool that assesses the costs faced by RE portfolios generated by climate change. This one-off analysis will be done free of charge for all funds contributing their climate data to MSCI.
Importance of meeting deadlines for data provision to UKPFI and Property Fund Vision
It is of paramount importance that clients follow deadlines for data provision and data sign-off. Each individual fund delay puts extra pressure on the production, which threatens the quality of the data and may create delays in release.
FCA consultation on enhancing climate-related disclosures
View AREF's draft response to FCA CP21/17 Enhancing climate-related disclosures by asset managers, life insurers, and FCA-regulated pension providers.
AREF welcomes two new members to the Board of Directors
AREF are pleased to announce the appointment of two new Directors to their Board: Edmund Craston and William Hill.
Reminder: UK PFI deadlines Q4 2021
Please find below the deadlines for submission to the MSCI/ AREF UK Property Fund Index for Q3 2021.
Welcome to new members Yardi Systems Limited
We are delighted to announce that Yardi Systems Limited will become Affiliate Members of AREF from the 1st January 2022. We look forward to working with them in the future.
Consultations on ESG Ratings and Data Providers
View AREF's responses to consultation from FCA and IOSCO on ESG Ratings and Data Providers.
'Thank you for your support this year' - From Paul Richards, MD
This is the last Newsletter of 2021 and you are all busy getting transactions done before the year-end, so I’m not going to write a long piece. The first thing that I want to do is to thank members for their support this year, whether that is formally working on Committees, Working Groups and Taskforces or simply providing informal feedback and advice as friends and colleagues.
Events from Diversity Talks Real Estate
View these excellent courses, aimed at women in the RE Industry which we think may be of interest to our member.
Simplifying the VAT Land Exemption – HMRC call for evidence
MRC published a call for evidence to look at potential options and ideas to simplify the land and property VAT exemptions. On 30 November HMRC published a summary of responses to the call for evidence. Click for more info.
IA event - Data challenges & opportunities with EU Taxonomy and SFDR Regulations
This webinar is free and open to AREF members. Click for more info and to register.
Sustainable finance and climate change disclosures
View information on SFDR here.
CREFC/ BPF joint events: UK moratorium news (and two webinars)
Don't miss these two webinars run by CREFC and BPF on the UK moratorium. Click for more info and to register.
New laws and code to resolve remaining COVID-19 commercial rent debts
On 9th November 2021 BEIS announced that they will be introducing the Commercial Rents (Coronavirus) Bill, to resolve the remaining commercial rent debts accrued due to the pandemic.
Property Investors' Voice
Calling all investors in real estate funds! Our new quarterly discussion calls are exclusive for real estate fund investors. Click the image to view more info and to book
Tax regime for qualifying asset holding companies
AREF responded to the HMT consultation exploring whether changes to the tax treatment of companies used by funds to hold assets could make the UK a more attractive location for these companies. HMT have published their response to feedback and a second stage consultation.
Two new Fund Members!
It is our pleasure to announce two new Fund Members joining us on the 1st November, The Lime Property Fund, managed by Aviva Investors and Fiera Real Estate Long Income Fund managed by Fiera Real Estate.