The sole purpose of the real estate SICAV is the management of its assets or compartments in the form of collective investment of capital in accordance with the LPCC and its ordinances (the legislation on collective investments) as well as the creation of the share capital of investors and the distribution activity of their investor shares. The SICAV invests the investor compartment(s) in the investments provided for in Art. 59 LPCC, namely: a. in real estate and its accessories; b. in participations in real estate companies whose sole purpose is the acquisition and sale, or rental and leasing of their properties and in claims against such companies, provided that the real estate fund holds at least two-thirds of their capital and voting rights; c. in units of other real estate funds and listed real estate investment companies up to 25% of the total assets of the fund; d. in foreign real estate securities if their value can be satisfactorily assessed. The real estate SICAV may also invest all or part of its assets or the assets of its compartments to the extent authorized by the investment regulations. The investment policy and its restrictions, as well as the techniques and instruments of investment are regulated in detail in the investment regulations. The entrepreneur compartment of the real estate SICAV invests mainly in liquid securities (money market funds, short-term bonds, cash, etc.). On the other hand, the real estate SICAV is authorized to acquire the necessary movable and immovable assets for the direct exercise of its activities. The real estate SICAV may, within the limits set by law, take all measures and carry out all operations that it deems relevant and appropriate to achieve its purpose.
Outbound Leads by COHAGA