Sub-paragraph 2: Professional undertakings for collective real estate investment

Unless otherwise stipulated, articles L. 214-33 to L. 214-85 apply to professional undertakings for collective real estate investment.

By way of derogation from article L. 214-55 and under the conditions laid down by the general regulations of the Autorité des marchés financiers, the buildings, real rights and rights held as lessee relating to leasing contracts concerning such property held directly or indirectly by the professional real estate investment trust and by the companies mentioned in 2° and 3° of I of article L. 214-36 are valued by a…

Subscription to and acquisition of units or shares in a professional real estate collective investment undertaking are reserved for professional clients as referred to in article L. 533-16 and for foreign investors belonging to an equivalent category under the law of the country in which their registered office is located. The General Regulation of the Autorité des marchés financiers sets the conditions under which the subscription and acquisition of units…

A professional real estate collective investment undertaking may, subject to the conditions and limits set by decree of the Conseil d’Etat, derogate from the limits set out in articles L. 214-37 to L. 214-41.