PRESS RELEASE
‘VERY ENCOURAGING’
ASSOCIATION OF REAL ESTATE FUNDS COMMENTS ON SPRING STATEMENT
London, 26 March 2025: The Association of Real Estate Funds – the trade body for investors in real estate, with £50bn in member assets – welcomes Chancellor Rachel Reeves’s Spring Statement.
Paul Richards, chief executive officer at the Association of Real Estate Funds, says:
“Real estate and economic growth are symbiotic. They rise and recede together – and today we saw once more a blueprint for both to rise. And so, it was no surprise to see housing and infrastructure remain as centrepieces of the Government’s growth strategy.
“Our members will be particularly pleased to see more detail about the much-trailed planning reforms. We’ve talked about this for years: poor and inefficient planning impedes real estate and economic growth, good and efficient planning bolsters both.
“The boost to skills in the building industry is especially welcome – everyone knows we won’t get near 1.5m new homes without enough qualified people to build them to the required standard. This matters because our members want more opportunities to invest in housing. It’s one of the biggest growth areas for real estate funds, not least because it can deliver the returns our investors need. This is all very encouraging.”
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For further information, please contact:
Paul Richards, AREF: [email protected]
David Butcher, Communications and Content: 07834 350101 or [email protected]
About the Association of Real Estate Funds
The Association of Real Estate Funds (AREF) is the body that represents the interests of its member funds, those firms that advise and support them, and the end customers that invest in our member funds.
Our membership includes over fifty 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 £50bn. In addition, we have more than fifty affiliate members and several associate members.
We are recognised by policy makers, regulators, tax authorities and other official organisations as the leading spokesperson for real estate funds, so through bringing all stakeholders together we can influence the way our industry evolves.
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