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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
French OPCI real estate funds seen success, with 31 firms, e6bn AUM
The development of French OPCI real estate funds, non-listed vehicles bound by similar fiscal rules to French REIT/SIICs, has proven a success, with 31 managers having 60 funds and now managing e6bn in property assets, say sector specialists. OPCIs (Organismes de Placement Collectif Immobiliers) were launched in October 2007, and have unquestionably been a success, said Pierre Bollon from French asset management association AFG, and Arnaud Dewachter, general manager of the Association for Real Estate Investment Companies (ASPIM). The two men made the statement at the launch of a new directory of OPCIs published by their associations in conjunction with the private research house IEIF. (Full story to be published in PFE 129 on 13 July)