Policies

Proposals for reform of SIIQ legislation and rules on permeability among real estate investment vehicles

Position paper

Monday, march 15, 2021

Law No. 296 of 2006 established Listed Real Estate Investment Companies (SIIQs) in Italy, which represent the Italian version of the REIT model based on the French model.
In Europe, 71 listed REITs, operating in 13 countries, own real estate assets worth approximately 300 billion euros, while in Italy they remain underdeveloped. A reform of the legislation is therefore needed to promote their expansion, bringing benefits in terms of capital attraction and market transparency.
In this regard, improving and strengthening the interconnectivity between real estate funds and SIIQs would also be desirable.