Capital Markets Authority has amended the Communiqué no.III/48.1 regarding Real Estate Investment Partnerships. As per the amendment:
The portfolios, composed exclusively of infrastructure investments, shall establish the requisite organisation within 2 years from the incorporation date. If the real estate partnerships (RIPs) -which own portfolios that are composed exclusively of infrastructure investments- are operating under a generation license; in such a case, a minimum of 75% in the actives shall correspond to the real estate relating to the infrastructure.
With respect to the property to be acquired by the RIPs, the actual status of use shall comply with the features registered in the title deed.
For the purposes of financing the real estate investments of their wholly-owned subsidiaries; the RIPs can establish mortgage on their portfolio or grant guarantees.
The value of the commercial real estate included in the portfolio may be assessed separately for each independent section or alternatively for the entire building.
