PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
In SIIC 5, France extends REIT regime, 60% clause due to financial crisis
The French Senate has now adopted most amendments to the REIT law amendment SIIC 5 proposed last month. The legislation extends the regime by three years to 2011, creates flexibility for the veto on block shareholdings of 60% or more, but at the same time imposes firm rules for companies that drop out and wish later to re-enter.