The EU REIT and the Internal Market for Real Estate

Eichholtz, Piet M. A.; Kok, Nils

doi:10.2139/ssrn.1081198

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The EU REIT and the Internal Market for Real Estate

85 Pages Posted: 12 Feb 2008

See all articles by Piet M. A. Eichholtz

Piet M. A. Eichholtz

University of Maastricht - Limburg Institute of Financial Economics (LIFE)

Nils Kok

University of Maastricht - Limburg Institute of Financial Economics (LIFE)

Date Written: November 2007

Abstract

Research report on the economic rationale for the creation of an EU REIT structure. The current landscape of structure for property vehicles in Europe is a patchwork of regimes, all with different legal rules and regulations. This leads to distortion of competition, inefficient allocation of capital and does not contribute to market safety and security. We elaborate on these issues, discuss why doing nothing is not an option, and provide an operational framework for an EU REIT.

Keywords: real estate, REIT, governance, Europe

Suggested Citation: Suggested Citation

Eichholtz, Piet M. A. and Kok, Nils, The EU REIT and the Internal Market for Real Estate (November 2007). Available at SSRN: https://ssrn.com/abstract=1081198 or http://dx.doi.org/10.2139/ssrn.1081198