Real Estate & Infrastructure: Publications


Global Spotlight:

Current Outlook on AIFMD for Luxembourg Real Estate Structures

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

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

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

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

Teaming up to face today's challenges

This report deals with Luxembourg Real Estate and Infrastructure Team. The Real Estate Industry is currently facing a multitude of challenges and transformations while being in a period of uncertainty.

Emerging Trends in Real Estate® Europe 2011

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

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

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 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 .