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The Association of the Luxembourg Fund Industry (ALFI) released the 2013 version of its annual real estate investment fund (REIF) survey*, showing the development of the Luxembourg-domiciled REIF market as at the end of 2012. According to the survey, 2012 continued to be a strong year for Luxembourg domiciled REIFs. 22 new direct REIFs were launched, slightly down compared with 26 launches in 2011, bringing the total of Direct REIFs surveyed to 215 funds.
Marc Saluzzi, Chairman of ALFI, observes: “The sector has grown 241% since 2006, a compound annual growth rate of 23%. The continued growth in the number of REIFs in Luxembourg demonstrates that Luxembourg remains a favoured location to establish and maintain multi-national and multi-sectoral regulated real estate...
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