25 Sep 2019

The Association of Real Estate Funds (AREF) has recognised the leading long-term performers and notable contributors to the association, at its Annual Awards Dinner, held on Tuesday 24th September. The awards dinner, held at 8 Northumberland Avenue, was attended by over 450 members of the property fund and real estate industry.   

The awards, now in their ninth year, have five categories. There were two awards based on consistent long-term performance* and a new award, judged by a select panel of investors for Outstanding Achievement.  These were followed by awards for notable contributors to the association’s work over the last year in making the real estate funds industry better for all stakeholders.

The 2019 awards were presented to:

5-year, risk-adjusted, absolute return

  • Winner - L&G’s LPI (limited price inflation) Income Property Fund  
  • Runners-up - M&G Secured Property Income Fund and Axa UK Long Lease Fund

5-year, risk-adjusted, relative return

  • Winner - L&G’s Industrial Property Investment Fund
  • Runners-up - Schroder UK Real Estate Fund and Hermes Property Unit Trust

The Investors Award for Outstanding Achievement

  • Winner - The UBS Triton Property Fund LP
  • Short-listed – Janus Henderson UK Property PAIF, Kames Target Healthcare Property Unit Trust, Mayfair Capital Property Income Trust for Charities, The Charities Property Fund.

Outstanding Individual Contribution

  • Guy Glover of BMO – For all his help on Retail Funds Committee. 

AREF Affiliate of the Year

  • Winner – CMS for Darren Stolzenberg’s work on E&T Committee, Patrick Grove’s work on the FutureGen Fund Life Cycle Series, and Nick Burt’s work on Capital Gains Tax events.

*The 5 Year Risk-Adjusted Absolute Return Award is given to the fund that has delivered investors the largest consistent absolute return over the five years to June 2019, based on quarterly data of the 44 funds within the long-standing MSCI/AREF UK Quarterly Property Fund Index. The 5 Year Risk-Adjusted Relative Return Award is then given to the fund that delivered investors the largest consistent relative return based on that quarterly index.

Author

Clare Whyte - E&T Vice-Chair

Clare Whyte - E&T Vice-Chair

Real Assets Marketing, SVP , Citco

Clare joined Citco in December 2025, to help lead on the marketing of their Real Assets business. Prior to this, Clare worked at AREF for 13 years, managing AREF’s marketing strategy, events calendar, and communications across digital and print, as well as being actively involved in a number of AREF committees, helping deliver initiatives that engaged and added value to members.

Before AREF, Clare worked for over 10 years in Aviva Investors’ Real Estate team, with roles spanning marketing, office management and executive support.