Read the latest illustrative set of consolidated financial statements prepared in accordance with the International Financial Reporting Standards (IFRS).
Good Real Estate Group (International) Limited 2013
EY ITEM Club Special Report on Housing
Capital Insights: the real estate market
European real estate assets investment trend indicator
European private equity and real estate fund administration survey
FSO Alert: MiFID II – Negotiation finally concluded
Global hospitality insights 2014
New European regime for long-term funds proposed - December 2013
2013 REIT report
Building your business future
Today’s real estate industry must adopt new approaches to address regulatory requirements and financial risks, whilst meeting the challenges of the current economic environment and achieving sustainable growth.
Luxembourg has emerged as the leading domicile in Europe for vehicles investing directly in internationally diversified real estate portfolios. Key factors behind Luxembourg’s success include the flexible legal and fiscal environment, the ability to structure cross-border investment strategies and investors’ desire to diversify their portfolios.
Our real estate practice has the ability to mobilize a team of seasoned professionals to address complex and demanding challenges and provide seamless service on a global basis. We can help move you forward. Are you ready to break ground?
In working with you, we draw on our industry knowledge and insight to help you strategically position yourself – wherever you are in the world. Let us help you better understand some of the key challenges facing the industry, including:
- Regulatory and technical accounting changes
Major regulatory and technical accounting changes are occurring in the US, Europe and other geographies, which has created a challenging environment for real estate. These include the Dodd-Frank Act, the Alternative Investment Fund Managers Directive (AIFMD) and proposed accounting changes for leases and revenue recognition from the Financial Accounting Standards Board and International Accounting Standards Board.
We are committed to helping our clients understand how to approach these changes. We advise funds on SEC examinations and help them assess, design and implement compliance programs.
Effectively navigating the sophisticated marketing regime required by the AIFMD will be a key challenge and could lead to a competitive advantage for alternative investment groups.We are committed to helping our clients achieve full compliance and to provide them with the ongoing support they need.
In addition to overall market regulation, there are continuous developments in reporting standards and market best practice such as INREV guidelines. For instance, considering the potential implication charges in leasing and revenue recognition rules early has become a critical issue.
- Real estate private equity
The recession, financial crisis and downsizing in the credit market have all impacted real estate private equity funds over the past several years. Given the ongoing challenging environment, it is more important than ever to understand the trends affecting the sector so you can respond effectively.
Key trends include:
- Distressed deal opportunities will continue and convergence of the bid-ask spread will foster greater deal volumes.
- Due to regulatory and financial reporting changes, the fund operating models will change over the medium to long term.
- Overall, fund terms have significantly evolved since the financial crisis, and many real estate fund managers have had to make concessions to attract investors and win back their confidence.
- Investors are now more focused on scrutinizing the real estate fund platforms where they are placing capital. More information will be needed to meet investors’ reporting requirements.
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Unlocking hidden value in real estate with REITs
EY leaders share their insights with Real Estate Forum on preparing companies for the REIT route for non-core real estate.
2012 real estate nonperforming loan investor survey
Investors are optimistic that the nonperforming loan market will remain active for another 24 to 48 months. Learn more about our survey results.