The AIFM Directive entered into force on 22 July 2013, and has been implemented by EU Member States, which had to consider both regulatory matters and changes to fund and investor taxation. This has resulted in significant changes in the European real estate fund landscape.
This booklet aims to provide 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 compare more than 30 different types of fund vehicles in 18 European countries in a summary form, by looking at a consistent set of key topics, and noting major pros and cons.
Global Real Estate Tax Leader, PwC Germany
Tel: +49 30 2636 5286
Jeroen Elink Schuurman
EMEA Real Estate Tax Leader
Tel: +31 (0)88 792 64 28