1 Dec 2021 | Press Releases
The 15th annual edition of the Association of the Luxembourg Fund Industry (ALFI) Luxembourg real estate investment funds survey highlights how resilient the real estate investment sector in Luxembourg really is.
The 15th annual edition of the Association of the Luxembourg Fund Industry (ALFI) Luxembourg real estate investment funds survey highlights how resilient the real estate investment sector in Luxembourg really is. Despite the global Covid-19 pandemic, the industry saw assets under management of REIFs increase by 14.83% over the last twelve months compared to last year’s 10.54% growth at the same period, bringing total assets under management to EUR 104.4 billion.*
Emmanuel Gutton, Director Legal and Tax of ALFI, commented: “This year’s ALFI REIF survey illustrates how strongly the real estate fund industry continues to grow even during challenging times. The number of vehicles surveyed has grown again by 69, bringing the total to 518 surveyed vehicles. The interest in RAIFs is confirmed with 134 funds surveyed, compared with 98 in 2020. As in previous years, new funds were launched overwhelmingly by initiators/AIFMs from Europe (mainly Benelux, Germany and the UK) and from the USA.”
Francisco Da Cunha, Real Estate Tax and Infrastructure Sector leader at Deloitte Luxembourg and Co-Chair of the ALFI REIF Survey working group, added: “Covid-19 put the liquidity of real estate funds to the test. We studied these exceptional market effects and found that only 1% of the REIFs surveyed encountered special situations over the last 12 months, 2 funds temporarily suspended redemptions in 2020 and 3% indicated that they had large redemptions in that time frame. This is testament to the resilience of the REIF market.”
Download the full ALFI Luxembourg real estate investment funds survey 2021.
*Source: CSSF as at 30 September 2021
For more information, please contact:
Head of Communications, ALFI
Tel: +352 22 30 26 – 48
Notes to editors:
The Association of the Luxembourg Fund Industry (ALFI) represents the face and voice of the Luxembourg asset management and investment fund community, championing mainstream, private assets and sustainable investing. ALFI seeks to promote Luxembourg’s fund sector internationally, and to cultivate for the benefit of its members a collaborative, dynamic and innovative ecosystem underpinned by the most robust regulatory framework. ALFI’s ambition is to empower investors to meet their life goals.
Created in 1988, the Association today represents over 1,500 Luxembourg domiciled investment funds, asset management companies and a wide range of business that serve the sector. These include depositary banks, fund administrators, transfer agents, distributors, legal firms, consultants, tax advisory firms, auditors and accountants, specialised IT and communication companies. Luxembourg is the largest fund domicile in Europe and a worldwide leader in cross-border distribution of funds. Luxembourg domiciled investment funds are distributed in more than 70 countries around the world.
For more information please visit www.alfi.lu.