Choosing an investment vehicle - European Real Estate Fund Regimes

While AIFMD clearly seeks to pave the way for a single market for real estate CIVs, differences and imperfections in tax regimes form a barrier for real estate funds investing on a pan-European basis. This booklet provides an overview of the most common European collective investment vehicles (CIVs) suitable for investment in real estate, including their legal form, as well as their regulatory and tax position. It seeks to illustrate more than 40 different types of fund vehicles in 20 European countries in a summary form, by looking at a consistent set of key topics.

Choosing an investment vehicle - European Real Estate Fund Regimes

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Jeroen Elink Schuurman

Global Real Estate Tax Leader, PwC Netherlands

Ilona McElroy

Partner, PwC Ireland (Republic of)

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