Arcange, a France-based financial group, has established a new property investment management unit to offer alternative investment funds under the EU’s new AIFMD rule.
The new unit, Arcange REIM, will distribute all types of alternative property funds to professional investors all over the EU.
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The funds managed by the new unit will focus on a broad range of asset classes and target optimal returns and medium-term capital gains.
Arcange REIM is the first company to be approved by the CSSF in Luxembourg under the AIFMD regime.
The AIFMD, which came into effect in July 2013, aims to strengthen the regulation of hedge funds, private equity funds and real estate funds, which were not included in the previous rules governing mutual and pension funds.
Arcange REIM will be retained by French private bank Banque Neuflize, part of the ABN Amro group, to build tailor-made alternative property funds.
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By GlobalDataMichaël Sfedj chairman Arcange group said: "We do not find properties on the open market in competition with all other investors. We have our own information networks. We buy assets on the basis of their intrinsic value, not a theoretical market price derived from a yield. And we rule out any acquisitions where certain variables are out of our control."
Arcange group founded in 1996 has performed around 900 million of property deals in France, US and Morocco.
