Australia’s CCIV proposals still fall short for unlisted property funds, says PFA

Wed, 27/03/2019 - 09:19

The Australian government’s proposed new Corporate Collective Investment Vehicle (CCIV) bill is unlikely to be taken up in earnest by unlisted property funds due to several restrictions and compliance demands, according to the Property Funds Association (PFA) which represents the AUD125 billion unlisted wholesale and retail property funds sector. »

Xavier Duhem, JTC

JTC granted Luxembourg professional depositary licence

Fri, 08/03/2019 - 08:54

JTC has been granted a depositary licence by Luxembourg’s Ministry of Finance and is now able to offer a full range of services to alternative investment funds (AIFs) domiciled in Luxembourg, including depositary of assets other than financial instruments. »

FCA scrutiny is further evidence of open-ended property fund flaws

Mon, 11/02/2019 - 13:34

The FCA has taken the extraordinary step of scrutinising open-ended physical property funds on a daily basis, as the sector continues to suffer sharp withdrawals. A long-term critic of the open-ended property fund structure, Marc Haynes – Head of Institutional Business, EMEA, Cohen & Steers – reacts to the latest development… »

Scotland’s commercial property investors face new tax hike

Tue, 29/01/2019 - 09:17

Recent changes to Land and Buildings Transaction Tax (LBTT) came into force in Scotland on Friday 25 January, bringing with them unintended consequences for investors keen to snap up Scottish property, according to JLL. »

BRE Global Ireland completes INAB accreditation

Wed, 19/12/2018 - 18:24

BRE Global Ireland has received confirmation that it has completed the European Union’s process to operate as a Notified Body and a Technical Assessment Body by achieving accreditation from the Irish National Accreditation Board (INAB) in Ireland. »

L&G becomes registered provider of social housing

Mon, 10/12/2018 - 16:18

Legal & General’s subsidiary Legal & General Affordable Homes Limited, launched in April 2018, has been granted Registered Provider (RP) status. »

Joelle Hauser, Clifford Chance

Luxembourg has the toolbox for global distribution

Wed, 07/11/2018 - 12:58

Luxembourg continues to see net inflows of capital and is now the world’s second largest fund centre with, as of August 2018, EUR4.3 trillion worth of net assets under management, and this only in regulated funds, according to the Association of the Luxembourg Fund Industry (ALFI). »

Anne-Gaelle Delabye, Ogier

Parallel structures – the Luxembourg solution

Wed, 07/11/2018 - 12:56

By Anne-Gaëlle Delabye & Tara Kapur – Non-EU managers seeking access to European capital are more frequently looking to Luxembourg parallel structures due, in part, to their flexibility and the features that the Luxembourg limited partnerships share with the Anglo-Saxon model. Ogier’s Luxembourg investment funds team – working in partnership with our teams in the BVI, Cayman and Hong Kong – have extensive experience of structuring parallel funds for clients in the US and Asia. »

FCA consults on new rules to improve the approach to open-ended funds investing in illiquid assets

Mon, 08/10/2018 - 20:15

The Financial Conduct Authority (FCA) is consulting on new rules and guidance to reduce the potential for harm to investors in funds that hold illiquid assets, particularly under stressed market conditions. These measures will also support the FCA’s market integrity objective and help address financial stability concerns. »

Inland Homes granted registration as social housing provider

Wed, 22/08/2018 - 10:25

Inland Homes, a brownfield developer, house-builder and partnership housing company with a focus on the south and south-east of England, has been registered as a for-profit provider of social housing by the Regulator of Social Housing, through its wholly owned subsidiary Rosewood Housing. »

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