Friday, September 24, 2010

European Hedge Fund Law Could Effect Commercial Real Estate

By Jack Simony

Commercial real estate owners in Europe could be forced to make billions in unexpected cash payments under a new planned law that would treat them like hedge funds, Bloomberg reported.

The European Union thinks the new regulations would lower economic risk, but that is not sitting well with property owners.

“There is a perfectly genuine risk at this point that the commission will win the day and, not only real estate funds, but also European real estate investment trusts will be caught," Peter Cosmetatos, finance director at the British Property Federation, told Bloomberg.

- By Jack Simony

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