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ARTICLE · 10 OCTOBER 2024

EPRA Global REIT Survey 2024

Loyens & Loeff
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Under the current Belgian REIT regime, an undertaking investing in real estate can either take the form of (i) a SICAFI/Vastgoedbevak...

BelgiumFinance and Banking
Ariane Brohez
Ariane Brohez
Vanessa Marquette
Vanessa Marquette
Bartjan Zoetmulder
Bartjan Zoetmulder
Damian van Boxtel
Damian van Boxtel
Davina Devleeschouwer
Davina Devleeschouwer

1 General introduction

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Under the current Belgian REIT regime, an undertaking investing in real estate can either take the form of (i) a SICAFI/Vastgoedbevak (société d'investissement en immobilier à capital fixe/ vastgoedbeleggingsvennootschap met vast kapitaal), (ii) a SIR/GVV (société immobilière réglementée/ gereglementeerde vastgoedvennootschap) commonly named BE-REIT, (iii) an FIIS/GVBF (fonds d'investissement immobilier spécialisé/gespecialiseerde vastgoedbeleggingsfonds) or (iv) stay unregulated (meaning that only the laws applicable to companies in general, as set forth in the Belgian Company Code will apply). Due to their status of collective investment undertaking, SICAFI/ Vastgoedbevak and FIIS/GVBF are subject to additional obligations deriving from the AIFM Law1.

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