The Indirect Property Group was set up in November 2008 to focus originally on unlisted pooled equity investment funds (whether closed- or open-ended) that are managed by an independent third party.
The remit of the Group has since been extended to include debt funds (whether closed- or open-ended) and other corporate vehicles, both listed or unlisted, that enable indirect investment in the UK property market.
OBJECTIVES OF THE GROUP
• Be a focal point for the IPF on indirect property investment;
• Increase the industry's understanding of indirect investment and associated vehicles and structures;
• Lead on promoting research into key issues; and
• Liaise with other relevant groups within the IPF, e.g. PDIG, and external organisations, e.g. AREF, BPF, BVCA, EPRA, INREV and ULI.
THE GROUP’S CURRENT PRIORITIES ARE:
• The impact of Brexit provisions on the UK unlisted investment funds industry;
• The impact of local government pension scheme (LGPS) investment pooling;
• Liquidity within indirect property products; and
• The role of property within the defined contribution pension regime.
RECENT IPF RESPONSES TO CONSULTATIONS
August 2020 HM Treasury - Tax treatment of asset holding companies in alternative fund structuresIPF response Tax of asset holding companies in alternative fund structures
END OF FUND LIFE REPORT (2015-16)
Members of the Group joined the Project Team of the End of Fund Life Project, launched jointly by AREF, IPF and INREV in September 2015. See press release here.
An industry consultation during the first half of 2016 sought to identify simple overriding principles that would aid the real estate industry in enhancing the end of fund life processes. This consultation also led to the development of guidance and best practice on the key criteria identified – as detailed in the final report published on 27 September 2016 and available to download below:End of Fund Life Report 2015-16