Predominantly open-ended real estate investment companies or fund management companies shall provide the external valuation experts they have appointed with all the documents, information and means of investigation required for the performance of their duties.
The provisions of article L. 214-24-28 shall apply to AIFs covered by this paragraph.
On behalf of all unitholders, where applicable, the custodian is responsible for paying tax on capital gains realised directly or indirectly by the real estate investment fund, in accordance with the conditions set out in the General Tax Code.
Undertakings for collective investment in real estate are managed by a portfolio management company referred to in article L. 532-9 and designated in the articles of association or by-laws of the undertaking for collective investment in real estate. The management company of undertakings for collective investment in real estate may be the manager of the companies in which the undertaking for collective investment in real estate it manages holds the…
The articles of association of a société de placement à prépondérance immobilière à capital variable (open-ended real estate investment company) or the regulations of the fonds de placement immobilier (real estate investment fund) may provide for the amount of units or shares subscribed to be paid up in instalments. These units are registered shares. If the units or shares have not been fully paid up, the subscriber and successive transferees…
A société de placement à prépondérance immobilière à capital variable (open-ended real estate investment company with predominantly variable capital) is a société anonyme (public limited company) or a société par actions simplifiée (simplified joint stock company) with variable capital in the form of a société par actions simplifiée (simplified joint stock company), other than a société par actions simplifiée (simplified joint stock company) set up by a single person and…
As an exception to the first paragraph of Article L. 225-51-1, the first paragraph of Article L. 225-53 and the third paragraph of Article L. 225-59 of the Commercial Code, the functions of Managing Director, Deputy Managing Director, Chairman of the Management Board or Sole Managing Director are performed by the management company. The management company appoints a permanent representative who is subject to the same conditions and obligations and…
The société de placement à prépondérance immobilière à capital variable (open-ended real estate investment company with predominantly variable capital) and the management company are liable, each individually or jointly and severally as the case may be, to third parties or shareholders, either for breaches of the legislative or regulatory provisions applicable to open-ended real estate investment companies with predominantly variable capital, or for breaches of the company’s articles of association,…
The provisions of 3° to 9° and 11° of article L. 214-24-31 and article L. 214-24-47 apply under the same conditions to sociétés de placement à prépondérance immobilière à capital variable.
A société de placement à prépondérance immobilière à capital variable may be formed by cash contributions, contributions in kind of real estate assets mentioned in article L. 214-36, mergers or demergers. It may also be formed through mergers, demergers or conversions of non-trading property investment companies. Contributions in kind may be made to a société de placement à prépondérance immobilière à capital variable after its incorporation, in particular in the…
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75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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