2 July 2020 12.15pm – 1pm Member Call Webinar

Dial in on Tuesday 2nd July at 12:15hrs for the Member Drop in session which this week will be dedicated to giving feedback on the Code of Practice for the Commercial Property Sector.

The Code of Practice for Commercial Property, released by the Ministry for Housing, Communities and Local Government, was negotiated over the last few weeks between the British Property Federation, the Commercial Real Estate Finance Council, Revo, the RICS, the British Retail Consortium and UK Hospitality. For more information click here

AREF was asked last week at very short notice to endorse the Code but we have not done so as we need to seek member feedback, to establish whether or not there is a consensus in favour of endorsement.  We therefore invite our members to this online roundtable.

The event will start with an outline from Peter Cosmetatos, CEO of CREFC, who was involved in negotiating the Code.  We will then open the floor to questions and feedback with a view to establishing the consensus view of members with regard to endorsement.  


  • Intro & Moderator: Paul Richards, Managing Director at AREF
  • Peter Cosmetatos, Chirf Executive of CREFC

Peter Cosmetatos

Cheif Executive , Commercial Real Estate Finance Council (CREFC)

Chief executive since late 2013 of the Commercial Real Estate Finance Council (CREFC) Europe, the trade association for commercial real estate lenders. CREFC are the collective voice of the industry and seek to take a leadership position in the regulatory, best practice and education aspects of CRE finance, as well as organising informative and networking events for market participants.

Peter previously spent five years as British Property Federation Finance Policy Director, responsible for formulating and articulating industry views on finance, tax and regulation. These ranged from promoting Tax Increment Finance and REITs to exploring the implications of the property debt overhang and trying to protect the industry from inappropriate financial regulation.

Before the BPF, Peter spent eight years in the City as a tax lawyer, focusing particularly on property finance.


Paul Richards

Managing Director, AREF

Paul is Managing Director of AREF. 

Before joining AREF, Paul was Head of the European Real Estate Boutique within Mercer’s investment consulting business for almost 10 years, previously he was Head of Indirect Real Estate Investment and Global Managed Accounts at LaSalle Investment Management, where he was responsible for managing global portfolios of unlisted real estate funds for clients from Europe and Asia Pacific.

He has over 25 years of real estate experience in investment, corporate finance and research, and has advised investors, occupiers and venture capital companies on property portfolio strategy and on financial structuring, including PFI, senior and mezzanine debt and joint venture arrangements. His employers have included LaSalle Investment Management, Cushman & Wakefield and Henderson Investors.

Before coming into the world of real estate, Paul worked in marketing and market research. He originally studied Physiological Sciences at Lincoln College, Oxford and has a Master of Science in Real Estate from City University Business School, London, now Cass Business School.

Thursday 2nd July 2020

12.15 Webinar start
13.00 Webinar end

Call details will be sent to attendees ahead of the call

This webinar is FREE and open to all staff from AREF Fund and Investor member firms (view our list of members here). This event is also open to future generation* staff. 



For further information on the Code, including a copy of the Code and links to the MHCLG site, please view our website here.