The Association of Real Estate Funds

AREF aims to establish industry standards, promoting best practice in corporate governance and transparency. It brings key stakeholders together to improve the operational environment for participants, helping the industry adapt and evolve and protect investors’ interests.

About Us

AREF is the body that represents the interests of its fund managers, those firms that advise and support them and the end investors.

Our Committees

Much of AREF's activity is driven by the valuable work of our various committees.

Performance Data

The majority of AREF’s member funds choose to have their performance measured using the leading NAV-level MSCI/AREF UK Quarterly Property Fund Inde...

The Pub-chat Podcast Series 2021

Featuring six video podcasts, filmed Summer 2021

Listen to industry experts discuss how these real estate sectors are evolving:

Industrial & Logistics
Retail & Leisure
Financial Implications




Proudly sponsored by RSM UK

The AREF ESG 5 Year Roadmap

Featuring six exclusive short films on:

SFDR & EU Taxonomy
Net Zero Carbon
Scope 3 Emissions

Listen to ESG industry experts explain what each theme is, when you'll be affected, why you should care and importantly how to prepare!



In collaboration with Carbon Intelligence.

Proudly sponsored by Sanne Group

Performance data

Our summary statistics are drawn from the AREF/IPD UK Quarterly Property Fund Index (QPFI) and are intended to be a useful quick reference.



AREF Research

The UK Real Estate Funds Industry 10 years on from the Global Financial Crisis

It has been over a decade since the Global Financial Crisis and the consequences have been felt across economies and industries around the world. The UK real estate funds industry has been no exception. In the first of a two-part report commissioned by the AREF Research & Information Committee, we look at key changes, how the industry has evolved and adapted, what have been the key drivers for fund returns and what the future holds for the industry.  [May 2021]



Active Consultations

View all our active consultations.




Fund Investors

Our fund members and AREF have the end investor's best interests at heart.

Property Fund Vision

The property researchers' bible - view the most up to date version here.

Investor Committee

The AREF Investor Committee comprises various investors and advisors.

See investors

Find out how you can become an AREF member

Our membership includes over sixty-five funds spanning the leading real estate fund management houses in the industry, through to smaller, specialist boutiques, with a collective net asset value of over £72bn. We have more than fifty Affiliate members, a number of Associate members and hundreds of Investor members.

Membership enquiry

If you are interested in becoming a member, contact us today.


Coronavirus Centre

View our dedicated Coronavirus Centre, to learn what AREF have been doing throughout the Cornonavirus outbreak, including our new Information Hub and Online Discussion Forum


22 Jul 2020

AREF Brochure

Read who we are and what we do in our AREF brochure.


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