Real Estate Library - Ernst & Young - Luxembourg

The proposed EU Alternative Investment Fund Managers Directive

The proposed changes in the AIFM Directive will have a significant impact on the Real Estate fund sector. In this paper , we briefly outline the proposed regime and potential issues for the Real Estate fund sector.

Investments Funds in Luxembourg - A technical guide - September 2009

Ernst & Young Luxembourg's technical guide entitled Investment Funds in Luxembourg provides an introduction to Luxembourg as a centre for investment funds, the types of funds available and a summary of the regulations applicable to the formation and operation of funds. It also covers the regulations applicable to management companies based in Luxembourg.

The 2009 Ernst & Young business risk report - Real estate

Ernst & young has identified and ranked the top 10 business risks affecting the real estate industry ( 5.34 mb) .

Opportunities in adversity: accelerating the change for financial services organizations

The impact of the current economic crisis has been felt hardest among financial institutions ( 4.93 mb) and has demonstrated this industry's centrality to the economy of not only nations but the whole globe. The financial services sector has also been one of the quickest to react.

2009 Market outlook: trends in the real estate private equity industry

This survey shows the today's trends in the Real Estate private Equity industry ( 1.02 mb) (May 2009).

A global perspective: meeting the challenges of IFRS adoption for real estate companies

This publication provides information on How Ernst & Young can help those involved in real estate meet the challenges involved in IFRS adoption ( 7.73 mb)

IFRS for real estate: current issues and financial statements survey

This publication is an updated analysis of some of the key financial reporting issues and developments ( 966 kb) for real estate investors.

Processes & Controls

Failure to address controls and risk management issues ( 247 kb) can result in severe repercussions including litigation or unexpected movements in Net Asset Value.

Systems & Technology

Implementing a robust front-to-end software solution ( 258 kb) dedicated to Real Estate fund administration can help you minimizing operational risk and enhancing profitability.

The Luxembourg Specialized Investment Fund

Luxembourg introduced a law for investment funds to be distributed to "informed investors" in February 2007. The Law on Specialized Investment Funds ("the SIF Law") significantly simplifies the rules for setting up fund structures such as hedge funds, real estate funds and private equity funds, greatly enhancing Luxembourg as a "domicile of choice" for such products. It replaced the 1991 institutional investor fund law (the 1991 Law).

Weathering the financial crisis: 5 tips for real estate investors

This publication proposes 5 tips ( 1.21 mb) for real estate investors weathering the financial crisis.

Real estate fund residency and substance reviews

Real estate fund managers need to understand where on the spectrum of risk( 4.1 mb) their investments sit so they can reduce any associate risks.

Insight into the market: what does the credit crisis mean for real etstate?

On 11 December 2008, Ernst & Young's hosted a webcast addressing the financial crisis and its ongoing impact on the Real Estate sector ( 1.21 mb) .

ALFI survey 2008

The ALFI conducted the third update of the survey ( 551 kb) of Luxembourg Regulated Real Estate funds (REIFs). This update focuses on direct real estate funds.

Ernst & Young Luxembourg Real Estate Group

This brochure provides you with an overview of our services ( 3.5 mb) , deep knowledge and experiences on Luxembourg Real Estate Investment Funds. (may 2008)

Real Estate Investments: a comparison of financial frameworks

Ernst & Young compared compared ( 591 kb) the INREV, ALFI and EPRA guidelines with International Financial Reporting Standards (IFRS) in key areas and presents a summary of the results.

Luxembourg Financial Connection Issue 12

The Luxembourg Financial Connection is our newsletter on developments in the Financial Services Industry from a Luxembourg perspective, focusing in particular on the regulatory regimes and market trends. Each issue includes numerous Luxembourg, EU, national & international articles and new items.

Eye on Real Estate (September 2008)

This issue provides a brief overview of the recent publication ( 414 kb) by Ernst & Young in association with FICCI 'Indian Real Estate-Shifting Gears'.

Eye on Real Estate (June 2008)

This issue analyses the Hospitality sector ( 396 kb) , along with giving details of the significant deals, projects and regulatory developments. (2007)