The transposition of the EU AIFM Directive into the new German Capital Investment Act (Kapitalanlagegesetzbuch) has irritated sponsors of close-ended real estate funds: The first draft of the Act would provide for the abolition of this well-accepted structure in Germany.
Irrespective of structural issues, close-ended real estate funds offer flexibility with regard to the choice of investment targets that should allow to generate attractive returns. The investor has to be careful in his choice of the respective fund and asset managers. The managers have to strengthen their operative muscle in a competitive market environment. The restructuring of real estate portfolios offers yet another option to bolster investment returns.
Our “Real Estate Private Equity“ workshop in Frankfurt (November 22, 2012) will be a good opportunity to discuss best practices and chances for (not only) close-ended real estate funds in 2013.
Join experts from
Benson Elliot Capital Management
EBS Universität für Wirtschaft und Recht
Engel & Völkers Commercial
Ernst & Young
IVG Private Funds
Jones Lang LaSalle
Sal. Oppenheim jr. & Cie.
to discuss this topic in thorough detail.
Please register before November 15, 2012 by submitting the attached form to Kaye Scholer’s Frankfurt office (Frankfurt-Workshop@kayescholer.com).
November 22, 2012
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