Weinberg Capital Partners, the Paris-based real estate private equity group, said it has received permission from the French financial market authority AMF for the launch and management of OPCI non-listed property investment trusts. The company said the watchdog has also approved its first OPCI RFA vehicle.
Weinberg Capital Partners, the Paris-based real estate private equity group, said it has received permission from the French financial market authority AMF for the launch and management of OPCI non-listed property investment trusts. The company said the watchdog has also approved its first OPCI RFA vehicle.
Weinberg Capital Partners, founded in 2005 by Serge Weinberg, is an investment firm specialised in two areas: leveraged buy-outs and real estate. The AMF approval will enable the company to structure real estate transactions benefiting from the favourable tax regime granted to OPCI, on behalf of its clients - including the Weinberg Real Estate Partners Number 1 fund - or in club deals with third party investors.
Laurent Halimi, the partner in charge of real estate investments at Weinberg Capital Partners, said: 'We are very pleased to have obtained this AMF approval. The OPCI property investment trusts are a very efficient way to buy and hold French real estate. It also provides specific tax advantages for transactions structured with end-users, which we favour given Weinberg Capital Partners' LBO business expertise and corporate culture.'
