Who Can Join?

Our fund members vary in size and structure, from large to small, open-ended to closed-ended, and across all strategies from core to opportunistic. Members can:

  • Be structured under any legal framework
  • Be domiciled in any well-regulated jurisdiction
  • Invest in any form of real estate (e.g., direct, indirect, equities, debt, derivatives)
  • Invest across all real estate sectors (e.g., commercial, residential, healthcare, agricultural)
  • Operate in any geographic market

Why Join?

AREF is widely recognised by policymakers, regulators, and industry bodies as the leading voice of the real estate funds industry. Fund Members benefit from:

1. The AREF Charter & Quality Mark

As a Fund Member, you commit to aligning with the AREF Charter, the gold standard in corporate governance and transparency for UK unlisted property funds. Compliance with the Charter reassures investors that your fund upholds the highest standards of governance and reporting. Members receive the AREF Quality Mark, a recognised symbol of excellence.

Members are encouraged to display the AREF logo, the Quality Mark, and reference the Charter in client reports and marketing materials, reinforcing their commitment to best practices.

Read more about the Charter and Quality Mark here.

2. Industry Influence & Collaboration

Through AREF’s Committees and Working Groups, members actively shape industry policy, engage in lobbying efforts, and contribute to consultations that enhance the operational environment for investment managers and investors alike.

Members are invited to join our committees and working groups, giving them direct influence over key issues in the real estate investment industry. Through our policy work, members have the power to drive meaningful change, ensuring that their voices are heard by regulators and policymakers.

Read more about the work our committees and working groups are doing here.

3. Data & Market Insights

Fund Members gain access to essential benchmarking tools, including participation in:

Each member also benefits from a dedicated profile page in the AREF Member Directory, providing visibility and a direct link to your fund or organisation’s website.

4. Exclusive Events & Professional Development

Fund Members and their teams have access to a wide range of exclusive events, including:

  • Conferences & thought-leadership events, featuring industry-leading speakers
  • The AREF Annual Awards Dinner, celebrating excellence in the sector
  • The AREF Awards, recognising outstanding contributions to the industry
  • Training sessions & seminars, covering key industry topics
  • Networking events, bringing together fund managers, investors, and policymakers
  • The AREF Mentorship Programme, supporting career growth and knowledge-sharing

View our Events Calendar here for more information or catch-up on our post-event information here.

5. FutureGen Network – Supporting the Next Generation

Fund Members can also take advantage of AREF’s FutureGen Network, designed for professionals in the first 10 years of their careers or those not yet in senior management positions.

FutureGen members benefit from:

  • Exclusive networking opportunities with peers and senior industry figures
  • Access to dedicated networking events and educational sessions tailored to early-career professionals;
  • A dedicated FutureGen Annual Conference, tailored for early-career professionals
  • Access to industry-leading training and development resources

For more details, visit the FutureGen Network page.

6. Full Access for Your Team

While fund membership is at a per-fund level, all employees involved—whether in product, tax, or business development—can access full membership benefits, including:

  • Invitations to member-only seminars, training, and networking events (many of which are free)
  • Regular industry updates and newsletters
  • Exclusive access to member-only content on the AREF website

7. Get Involved & Make an Impact

We encourage our members to actively participate and make the most of their membership. We welcome collaboration on white papers, research, and events—including in-person gatherings, webinars, and podcasts. We also champion our members’ thought leadership, sharing insights with our extensive industry network and professional social media channels, where our following continues to grow.

At AREF, your voice matters. Help shape the conversation, influence the agenda, and be part of the change.

Get involved. Together we can make a difference.

Fund Membership Fees

Fund NAV Annual Fee (+VAT)
≤ £250m £10,100
> £250m and ≤ £1bn £11,900
> £1bn £14,900

Renewals are due 1st November each year. Fees are pro-rated based on joining date.

How to Apply

If you’re interested in joining AREF, please complete our Enquiry Form, and a member of our team will be in touch.

Application Process

  1. Initial meeting with an AREF team member
  2. Submission of the Full Member Application Form (provided after initial discussion)
  3. Completion of the Self-Certification Process to confirm compliance with the AREF Charter
  4. Submission of the membership request to the AREF Board for approval

 

Click to view our Fund Member list:

Fund Members

abrdn UK Shopping Centre Trust
abrdn Real Estate Fund
AEW UK Core Plus Property Fund
AEW UK Impact Fund
Airport Industrial Property Unit Trust
Aviva Investors Lime Property Fund
Aviva Investors Real Estate Active LTAF (REALTAF)
Axa IM UK Long Lease Property Fund
BlackRock UK Long Lease Property Fund
BlackRock 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
CT UK Commercial Property Fund
(previously BMO UK Property Fund)
Diversified Property Fund for Charities (DPFC)
DTZ Investors Co-Living Fund I (COLIV)
Federated Hermes Property Unit Trust
Fidelity UK Real Estate Fund
Fiera Real Estate Long Income Fund

Industrial Property Investment Fund
KFIM Long Income Property Trust
Legal & General Managed Property Fund
Legal & General UK Property Fund
Leisure Fund Limited Partnership (The)
Local Authorities' Property Fund (The)
LPI (Limited Price Inflation) Income Property Fund
M&G Secured Property Income Fund
MC PUT
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
PGIM UK Ground Lease Fund
Property Income Trust for Charities (The)
Royal London Property Fund
Royal London UK Real Estate Fund
Schroders Capital UK Real Estate Fund
Standard Life Investments Long Lease Property Fund
Standard Life Investments Pooled Pension Property Fund
Threadneedle Pensions Property Fund
Threadneedle Property Unit Trust
Thriving Investments MMR Fund

Triton Property Fund LP
Unite UK Student Accommodation Fund

 

Membership enquiry

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

Enquire

 

Related links:

The AREF Quality Mark

FutureGen Network

Committees and Working Groups

Committee Updates

Fund Data

Property Fund Vision

Events Calendar

Our Member List

The AREF Charter

2025 Charter Compliance Register