Whitewood Capital Group has been granted real estate investment trust status from the Belgian Financial Services and Markets Authority for its intended core-plus commercial offices fund. Whitewood is the first real estate investment manager to be accredited with the status based on the new Belgian Royal Decree on REIT’s which was introduced in December 2010.
Whitewood Capital Group has been granted real estate investment trust status from the Belgian Financial Services and Markets Authority for its intended core-plus commercial offices fund. Whitewood is the first real estate investment manager to be accredited with the status based on the new Belgian Royal Decree on REIT’s which was introduced in December 2010.
A Sicafi ("Société d'investissement immobilière à capital fixe immobilier" - fixed public capital real estate investment trust) in Belgium is similar in concept to the REIT structures in the UK, France, the Netherlands, Australia and the US.
The group’s intended Euronext (Brussels) listed flagship fund will specialise in the active asset management of commercial office buildings mainly across Belgium and the Netherlands. The portfolio currently comprises EUR 131 mln of quality core plus office assets concentrated in established major sub markets and business centres.
