New rules for French real estate investment trusts, known as SIICs rather than REITs, are being debated in the National Assembly. On December 13, the fourth part of the SIIC regime was set out in an amendment in the Senate to the financial correction bill for 2006. The changes aim at facilitating and diversifying access to the capital of SIICs, as well as avoiding the creation of captive SIICs with a single shareholder.
Premium subscriber content – please log in to read more or take a free trial.
