Real Estate & Infrastructure: Publications

• Alternative Investments Advisory - An upbeat approach

In the context of the "new normal" having the right strategy and effective processes in place to surf the competitive edge is key to survival of all the Alternative Investment (AI) industry players. The PwC Alternative Investment Advisory team provides fully integrated services to all AI players including fund promoters, investment funds, investment advisors, asset managers, property managers and fund administrators. Our aim is to help you execute your strategies based on realistic views of the future.

• Valuation Services for Real Estate Structures: Making your Real Estate assets valuable

Our Real Estate Valuation Advisory line of service offers comprehensive valuation reviews of both third-party and management-prepared valuations. We can also help you reorganise and/or enhance your own internal valuation management functions with an emphasis on best practices and cost savings.

• Facing tomorrow’s challenges together

The Real Estate Industry is currently facing a multitude of challenges and transformations while being in a period of uncertainty. The Luxembourg Real Estate & Infrastructure Team stands by your side, providing a one-stop-shop solution to help you face tomorrow's challenges.

• Emerging Trends in Real Estate® Europe 2012

The report provides an outlook on European real estate investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, and other real estate issues. Emerging Trends in Real Estate® Europe 2012 represents a consensus outlook for the future and reflects the views of more than 600 individuals who completed surveys and/or were interviewed as part of the research process for this report.

• Current Outlook on AIFMD for Luxembourg Real Estate Structures
  [PDF file, 2.55 Mb]

This booklet highlights the key issues covered by the Alternative Investment Fund Managers Directive (the "AIFMD") entered into force on 21 July 2011 and ESMA Final Advice with a special focus on Luxembourg Real Estate Structures.

• Choosing an investment vehicle - European Real Estate Fund Regimes
  [PDF file, 3.03 Mb]

This booklet seeks to compare more than 30 different types of fund vehicles in a summary form, by looking at a consistent set of key topics, and noting major pros and cons.

• The place for listing Alternative Investment Funds
  [PDF file, 340 Kb]

PwC Luxembourg in collaboration with the Luxembourg Stock Exchange released the “The place for listing Alternative Investment Funds”. This brochure examines three major components of alternative investments, i.e. hedge funds, private equity and venture capital funds and real estate funds, and their benefits to be listed in Luxembourg.

• Taking roots in Luxembourg - Luxembourg Real Estate Investment Industry Substance Survey 2010
  Second editions
  [PDF file, 294 Kb]

This report aims to establish a benchmark of the substance of entities in Luxembourg.

• Emerging Trends in Real Estate® Europe 2011
  [PDF file, 1.34 Mb]

Emerging Trends in Real Estate® Europe 2011 represents a consensus outlook for the future and reflects the views of more than 600 individuals who completed surveys and/or were interviewed as part of the research process for this report. Interviewees and survey participants represent a wide range of industry experts—investors, developers, property companies, lenders, brokers, and consultants. ULI and PwC researchers personally interviewed 312 individuals, and survey responses were received from 303 individuals.

• Internal Audit Services for Real Estate Flyer [PDF file, 1.51 Mb]

In the present economic environment, there are a number of indicators showing that internal control should receive an increased focus; first a slow-down in business in the real estate sector, with a stabilisation of investment portfolios and development projects put on hold resulting in a greater focus on asset management and property management activities. Then, there is an incentive to trim costs and to ensure that activities are well under control in order to mitigate brand and reputation risk, as well as increased financial risks for landlords following tenant defaults and/or large incentives granted to tenants to extend their leases and finally we observe a need to strengthen investor confidence and trust.

• Luxembourg Real Estate Vehicles 2010 [PDF file, 1.51 Mb]

This guide has been prepared by PricewaterhouseCoopers Luxembourg in order to provide general background information on the legal and taxation aspects of regulated and unregulated real estate vehicles domiciled in the Grand Duchy of Luxembourg as well as first guidance in the set-up phase of these structures. The guide starts with the legal and tax opportunities for structuring real estate vehicles in Luxembourg, followed by practical information on the selection of service providers and actions during the lifetime of the structures. Practically, real estate structures are brought to life by the combination of several types of vehicles achieving an overall competitive position with minimal tax leakage.

• Emerging Trends in Real Estate® Europe 2010 [PDF file, 5.53 Mb]

Emerging Trends in Real Estate® Europe 2010 represents a consensus outlook for the future and reflects the views of more than 645 individuals who completed surveys and/or were interviewed as a part of the research process for this report. Interviewees and survey participants represent a wide range of industry experts—investors, developers, property companies, lenders, brokers, and consultants. ULI and PricewaterhouseCoopers researchers personally interviewed 269 individuals, and survey responses were received from 380 individuals .