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Laga assists the first accredited Belgian Real Estate Investment Fund

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Laga assisted Alma Court Invest NV, an existing Belgian real estate investment company, with its accreditation as a “FIIS”/“GVBF” (“Fonds d’Investissement Immobilier Spécialisé” / “Gespecialiseerd VastgoedBeleggingsFonds”). On 12 April 2017, Alma Court Invest NV became the first accredited FIIS/GVBF. Deloitte advised on the tax and financial aspects. Merco Sprl, which renders property advisory services to the company, was also closely involved in the accreditation process.

The new regime of the FIIS/GVBF was introduced by the Royal Decree of 9 November 2016. The FIIS/GVBF is a closed-end, non-quoted alternative investment fund (AIF) for real estate investments. It is open to institutional and professional investors only. The FIIS/GVBF is suitable both for domestic real estate assets as well as for pan EU real estate investments structures. It has some very favorable tax characteristics and offers a very light prudential framework making it an attractive vehicle for the asset management industry.

The Laga team was composed of David Roelens and Astrid Delanghe.

Read press coverage on the transaction published in the De Tijd newspaper