November 9, 2021
Fiera Real Estate UK (“FRE UK”) is pleased to announce that the Fiera Real Estate Long Income Fund UK has been awarded the 2021 AREF Quality Mark.
AREF has a unique Code of Practice, widely recognised as the gold standard in corporate governance. Effectively, this is AREF’s equivalent to the globally successful Stewardship Code. The principles-based approach of the code is based on three key elements: operational integrity; transparency and accountability. This takes managers of real estate funds beyond mere statements of intent, to a demonstrable commitment to the highest standards in corporate governance and transparency.
It is a requirement for all Fund Members of AREF to confirm annually their compliance with the AREF Code of Practice. The Funds’ level of compliance with the Code is then recorded on a matrix each year and allows funds to display the AREF Quality Mark. The matrix shows how all member funds are performing with regards to their level of compliance with the various elements of the Code of Practice.
Emma Cullen, COO Fiera Real Estate & Chair of the Corporate Governance Committee of AREF commented, “I am delighted that we have achieved this milestone for the Fund. This proves our commitment as a firm to achieving the highest standards of transparency and corporate governance.”