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
French OPCI growth portends larger investment share for property funds
The addition in France of OPCI open-end property funds to the existing SCPI mutual fund segment is likely to mean that the non-listed sector overall will take a growing domestic real estate investment share in the future after the two together accounted for about 15% of the market in 2008, says the manager of the French funds' association. Arnaud Dewachter, secretary general of Aspim (Association Française des Sociétés de Placement Immobilier), told PFE that the ability of unlisted property funds to take advantage of the same halved capital gains tax on acquired portfolios as REIT/SIICs means funds have a bright future