The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

EU sets up real estate expert group

The European Commission has decided to set up an expert group to advise it on open-ended real estate funds. The group will advise the EC on how to improve the European market for these funds and on whether EU-level action in this area would deliver benefits for industry and investors, the EC said in a statement.

The group "will also explore cost-effective ways to achieve those benefits".

The final composition of the group is due to be named shortly. "Open-ended real estate funds are widely available to retail investors in several member states," says internal markets commissioner Charlie McCreevy: "But they are locked up in their national markets – they cannot be sold across borders. I am creating this expert group to look at this situation and to advise on whether there is any clear-cut case for EU action in this area." The group is expected to produce a report in early 2008 which will serve as a starting point for debate and discussion with member state authorities and other stakeholders.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to and analysis and receive expertly-curated updates direct to your inbox.


Already a user?

Login now


We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree