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DGAP-News News vom 10.07.2014

CORPUS SIREO: Luxembourg fund sector now with AIFM certification

CORPUS SIREO Holding GmbH & Co. KG / Key word(s): Funds

10.07.2014 / 10:02



Luxembourg, 10 July 2014
The CORPUS SIREO fund subsidiary based in Luxembourg has been officially approved as an Alternative Investment Fund Manager (AIFM) by the financial regulator in Luxemburg (CSSF). This means that CORPUS SIREO Investment Management S. à r. l. will in future also design, set up and manage real estate funds for institutional investors. Since 2012, the AIFM guideline has governed the approval, ongoing activity and transparency of managers of alternative investment funds in the European Union. The award of the license was preceded by an extensive certification procedure.

CORPUS SIREO Investment Management has been operating in Luxembourg since 2005. 36 employees are responsible for 1.6 billion euros of assets under management from the location in Luxembourg. The range of activities comprises five real estate special funds, including three Luxembourg SICAV funds, more than 60 participations and 89 properties in nine European countries.

"The financial centre Luxembourg is a key location for our fund sector, because we encounter political and economic stability as well as reliable legal, regulatory and tax conditions in this country", says Uwe Druckenmüller, CEO of Investment Management of CORPUS SIREO in Luxembourg. He continues: "In Luxembourg, CORPUS SIREO is one of the largest real estate managers with its own team with a direct local presence. With the AIFM certificate, we are now also able to develop and offer fund products for our customers in line with the latest version of the European guidelines."

About CORPUS SIREO
CORPUS SIREO is - according to market analyses - the largest independent real estate asset management service provider in Germany. Acting on behalf of the company's customers, approximately 560 employees at 11 locations in Germany and Luxembourg manage commercial and residential premises covering a total floor space of 16.2 million square metres and with a value of approximately 16.5 billion euros (as of 10/2013). In the field of residential project development, CORPUS SIREO is also a leading developer in Germany, with approximately 500 completions every year. The Broker division of CORPUS SIREO is also one of the top 10 German estate agent companies.

The company regularly receives awards for its services. According to current rankings and competitions, CORPUS SIREO is the leading asset manager in Germany (Bell Real Estate Asset Management Report 2013, 2012, 2011). The Company has also received the immobilienmanager Award 2012 in the category Management. It has received awards as the most valuable brand in asset management (Immobilienmarken Award 2012, 2011) and as the most active press office of German real estate companies (Wissenschaftliche Vereinigung zur Förderung des Immobilienjournalismus 2014). The asset manager is also one of the five most popular employers in the German real estate industry (fourth place in the Immobilien Zeitung ranking 2013).

For further information: www.corpussireo.com
Follow us on Twitter: @corpussireo

 



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