Download End of Vehicle Life Guidance
Background
The current iteration of the End of Vehicle Guidelines for AREF Members is an update of the original ‘End of Fund Life’ publication, which was launched in September 2016.
At the time, a growing number of funds had reached the end of their life and the process to liquidate, restructure or extend had been undertaken. The success of this procedure was somewhat mixed leaving some investors and fund managers, no doubt, frustrated and disappointed. This led to INREV, AREF and IPF to set up the End of Fund Life Project.
The Guidance Team, consisting of senior real estate professionals, undertook an extensive period of consultation, with over 30 industry representatives being interviewed from the UK, Europe and the US about their knowledge and experiences in the process of winding up or extending real estate funds in the preceding 10 years. In addition, three workshops were held in Amsterdam, Jersey and London to attain feedback.
The findings of this consultation were presentated in a report which outlined guiding principles and best practice to help improve the end of fund life experience for all those involved.