Which funds can join?

Our Fund Members are all sizes, large to small; open-ended and closed-ended; balanced to sector specific; core, to value-add, through to opportunistic.

Fund Members can:

  • Be any legal structure
  • Be domiciled in any well-regulated jurisdiction
  • Invest in any form of real estate (e.g. direct, indirect, equities, debt, derivatives)
  • Invest in any real estate sector (all commercial, residential, agricultural, healthcare, etc)
  • Invest in any geographic market

What are the benefits?

AREF is widely recognised by policy makers, regulators and industry bodies as the leading voice of the real estate funds industry. Furthermore, members commit to comply with our principles-based Code of Practice, seen as the gold standard in transparency and corporate governance and receive the AREF Quality Mark.  Member funds may use the AREF logo, the Quality Mark and refer to the Code in their client reports and marketing materials, giving their fund investors reassurance the fund is operating to the high standards they expect.

Through our Committees and Working Groups, manager representatives can participate in the lobbying and consultation work that we undertake, to optimise the operational environment for fund managers and help the industry adapt and evolve, ultimately benefitting their fund investors too.

Highly important for most, member funds are entitled to participate in the quarterly produced, AREF/IPD UK Property Fund Index and AREF/IPD Property Fund Vision publication.

Each fund also has its own page on this site (see our Member Directory), where high level information about the fund can be maintained and a link to the fund, or manager’s web-site is included.

While Fund Membership is at a per fund level, as well as the fund manager, all employees working in relation to the fund (including product, tax and business development for example) can enjoy full membership benefits. 

Lastly, all member representatives receive our newsletter, invitations to seminars and social events, all free to members, and access to other, member only, areas of this web-site.

Fund Membership fees

NAV<= £250m is £8,500 per annum (+ VAT)
NAV> £250m and <= £1 bn is £10,000 per annum (+VAT)
NAV> £1 bn is £12,500 per annum (+VAT)

Renewals are due 1st November each year.

Fees are pro-rated according to joining date. 

How to apply

If you are interested in joining AREF, please complete our 'Enquiry Form' and someone from the AREF Team will contact you.

The application process

  • Fund meets with member of the AREF team
  • Fund submits Full Member Application Form (this form will be emailed to you once you have spoken to one of our team).
  • Fund completes Self-Certification Process to confirm complaince with the AREF Code of Practice.  
  • Membership request submitted to AREF Board for approval.

Click to view our Fund Member list:

Fund Members

Aberdeen UK Property Fund
Aberdeen Standard UK Shopping Centre Trust
Aegon Property Income Fund
Aegon UK Active Value Property Unit Trust II
Aegon UK Property Fund
AEW UK Core Property Fund
AEW UK Real Return Fund
Airport Industrial Property Unit Trust
Aviva Investors Pensions Limited
Aviva Investors Lime Property Fund
Aviva Investors UK Property Fund
Axa IM UK Long Lease Property Fund
BlackRock UK Long Lease Property Fund
BlackRock UK Property Fund
BMO UK Property Fund
CBRE UK Affordable Housing Fund
CBRE UK Long Income Fund
CBRE UK Property Fund
Charities Property Fund (The)
COIF Charities Property Fund
Diversified Property Fund for Charities (DPFC)

Fidelity UK Real Estate Fund
Fiera Real Estate Long Income Fund

Grosvenor Liverpool Fund
Grosvenor London Office Fund
Hermes Property Unit Trust
Industrial Property Investment Fund
Janus Henderson UK Property PAIF
Kames Active Value Property Fund (open ended)
Kames UK Active Value Property Unit Trust (closed ended)

KFIM Long Income Property Trust
Legal & General Managed Property Fund
Legal & General UK Property Fund
Leisure Fund Limited Partnership (The)
Lend Lease Retail Limited Partnership
LF Canlife UK Property Authorised Contractual Scheme
Local Authorities' Property Fund (The)
Lothbury Property Trust
LPI (Limited Price Inflation) Income Property Fund
M&G UK Property Fund (The)
M&G Property Portfolio
M&G Secured Property Income Fund
Mayfair Capital Property Income Trust for Charities
Mayfair Capital Property Unit Trust
Nuveen Real Estate Central London Office Fund
Nuveen Real Estate UK Property Fund
Nuveen Real Estate UK Retail Warehouse Fund
Nuveen Real Estate UK Shopping Centre Fund
Octopus Healthcare Fund
Patrizia Hanover Property Unit Trust
PfP Capital MMR Fund
PGIM UK Ground Lease Fund
Royal London Property Fund
Royal London UK Real Estate Fund
Schroder UK Real Estate Fund
Standard Life Investments Long Lease Property Fund
Standard Life Investments Pooled Pension Property Fund
Standard Life Investments UK Real Estate Fund
Threadneedle Pensions Property Fund
Threadneedle Property Unit Trust

Threadneedle UK Property Authorised Investment
Tritax Property Income Fund

Triton Property Fund LP
UBS Participating Real Estate Mortgage Fund (PREMF)
Unite UK Student Accommodation Fund


Membership enquiry

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