The Asian Public Real Estate Association is to add pension funds to its ranks joining its current membership of listed and non-listed real estate professionals.
The Singapore-based representative body was originally formed to represent the listed real estate sector in Asia Pacific but branched out to include non-listed organizations including private fund managers.
According to chief executive officer, Peter Mitchell, APREA has been asked by pension funds to form a new membership category to enable them to take part in its conference programme and gain access to its research initiatives.
In response APREA said it had formed a new membership category specifically for pension funds. There are some qualifying requirements, for example the pension fund must have been launched to meet pension plan requirements.
Mitchell told PERE: “Pension funds have been telling us they would like to be part of APREA for a few reasons – the network, participation in our annual Forum and desire to meet with their peers in a regular major Asian forum context, participation in our regulatory advocacy programs and, finally, participation in other events and our research programs.”
He added: “They have been accommodated previously through things such as, to a degree, the one-on-one program at our annual Forum, invitations to other APREA events and, in some cases in recent times, inclusion in our research program committee activities.”