tailieunhanh - Luxembourg Real Estate Investment Vehicles 2012

investors around the globe increasingly focus on the environmental and social impact of buildings, understanding that improving performance around these areas enhances long-term value and returns. our clients routinely require information about our sustainability policies and achievements for their portfolio reviews, and prospective clients request such information when making their investment allocations. investors in some of our funds have explicitly stated a preference for buildings that have high government or voluntary ratings that indicate environmental performance. our strong foundation of environmental policies, procedures and operations enables us to execute on these demands | cutting through complexity AUDIT - TAX - ADVISORY Luxembourg Real Estate Investment Vehicles 2012 Luxembourg Real Estate Investment Vehicles 2012 1 Table of contents Luxembourg Real Estate Investment Vehicles 2 Introduction 2 Overview 3 Undertakings for Collective Investments UCIs 8 Specialised Investment Funds SIFs 11 Luxembourg Risk Capital Companies SICARs 16 Securitization Vehicles SVs 21 SOPARFIs 26 Appendix 1 - Comparison of Real Estate Vehicles 34 Appendix 2 - The most popular forms of legal entities 50 Appendix 3 - Glossary of terms .