16 Dec 2022

Everybody is busy getting everything finished in time for the holidays so I will save a long review of the year until 2023, when I’ll also talk about the important themes for next year. 

This year I just want to do two things:

The first is to thank two long-serving Directors who are stepping off the AREF Board at the end of this year: Deborah Lloyd and Simon Radford. 

Deborah joined as Chair in 2016 and led AREF through some significant changes in direction and governance.  Her departure also means that AREF will no longer have the silver medalist in the World Triathlon Age-Group Championships on our Board.

Simon has been a Director since 2002 and has overseen the Finances for all that time. 

Both Deborah and Simon will be missed.  On behalf of the membership, and also personally, I would like to thank them both for their service to AREF and their advice to me and wish them well for the future. 

The second thing that I want to do is to thank members for their support and contributions during the year, which have been considerable, and to wish you all a Merry Christmas and a Happy and Prosperous New Year.

Paul

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Paul Richards

Paul Richards

CEO, AREF

Paul is the CEO of AREF.  Before joining AREF in 2020, 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.

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