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

AREF Research & Information Committee have commissioned a report, written by Property Funds Research and Real Estate Strategies, and sponsored by Mourant, considering the impact of the Global Financial Crisis on the UK Real Estate Funds Industry.

It has been over a decade since the Global Financial Crisis (GFC) and the consequences have been felt across economies and industries around the world. The UK real estate funds industry has been no exception. There is little doubt that behaviours and attitudes to investment and risk from both investors and managers of UK real estate funds have changed over the past 10 years in response to experiences caused by the GFC.

The report examines data from the MSCI/AREF Property Fund Vision Handbook and MSCI/AREF Property Funds Index and covers the central themes of fund investment: the universe; performance; stock selection; liquidity and fees and how these have evolved over the last 10 years.  Part two, due to be published later this year, will examine the future of the AREF funds universe over the next 10 years. 


The investment case for investment in UK social housing

Nick Colley's article on the investment case for institutional investment in UK social housing has been published in the January/February edition of the IPE Real Estate Magazine. The research is part of a larger project sponsored by the Impact Investing Institute and Homes England which will be published later this month.


COVID-19: This is an unprecedented and volatile environment with facts changing on a daily basis. It is important to be clear; nobody knows what the actual impact of COIVID-19 on the global economy will be. And it is likely that this remains the status quo until healthcare experts have provided a way of limiting the spread of the disease. The economic crisis requires the health crisis to be solved first.

UK political parties and UK real estate returns

PFR have decided to take a closer look at whether the commercial property market fares better under one or other political party. Do investment returns depend on who is running the country?

PropTech Conference

PFR Chairman Andrew Baum will be speaking at the Real Estate & Property Technology Summit on 12th & 13th November. See

BREXIT Comment

Following the Brexit referendum, we are facing a 2-3 year period of political and economic turmoil, which could have major implications for the UK real estate market. Andrew Baum comments

PFR work attracts attention at INREV 2014 conference

PFR delivered its quantitative analysis of the characteristics of European non-listed products in comparison to other asset classes and other European real estate products at the 2014 INREV conference in Berlin.

PFR chairman switches academic home

Andrew Baum, chairman of PFR and currently Honorary Professor of Real Estate Investment at the University of Cambridge and Fellow of St John’s College, Cambridge, will from October 2014 focus his academic work at The Saïd Business School at the University of Oxford.

Property Funds Research Buy-Back

Saturday, October 01, 2011

At 1st October 2011, Feri EuroRating Services transferred the trade and assets of the PFR business, which it bought in 2008, back to Andrew Baum and Jane Fear.