Deloitte - New CoE for real estate funds in Luxembourg

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Deloitte establishes new Center of Excellence for real estate funds in Luxembourg

Press Release

14 February 2018

The financial sector has been subject to continuous change over the past years—the real estate fund industry being no exception. Developments in the regulatory landscape such as the introduction of the Luxembourg fund vehicle RAIF, swift advances in technology, and the adoption of a more sophisticated approach by investors have contributed to a more complex and challenging environment for real estate fund managers.

To address these market trends and to establish a central point of contact for real estate fund managers across Europe, Deloitte has chosen Luxembourg as the location for the new EMEA Center of Excellence for Real Estate Funds Corporate Services.

“Luxembourg is the flagship of asset management in Europe, including an above-average amount of real estate assets. It made perfect sense to establish the Center of Excellence at the heart of the business where our highly specialized and experienced professionals will centralize and drive Pan-European real estate fund assignments for our clients,” says Lize Griffiths, Partner and Deloitte Luxembourg Real Estate Leader. The team of fifty real estate fund professionals in Luxembourg will work closely with their colleagues from Deloitte member firms across Europe to ensure a consistent service delivery.

“Real estate fund managers today are under high pressure as there is increasing demand from investors for more cost-efficient and high-quality products. Outsourcing non-core activities thus becomes more important in order to focus on core asset management. We will start there and provide corporate, tax compliance, and accounting services that will enable our clients to better manage their costs and concentrate on what is important,” explains Alexandre Prost-Gargoz, Partner at Deloitte Luxembourg and Co-Leader of the new Center of Excellence together with his colleague and Partner Karine Thil.

Following the global financial crisis ten years ago, investors were looking for asset diversification at a stable and durable return, and real estate assets rose in demand. Allocation to this type of assets is expected to further increase in the coming years.

Find out more about Deloitte’s new EMEA Center of Excellence for Real Estate Funds Corporate Services.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. Please see for a more detailed description of DTTL and its member firms.

Deloitte provides audit, consulting, financial advisory, risk management, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally connected network of member firms in more than 150 countries bringing world-class capabilities, insights, and high-quality service to address clients’ most complex business challenges. To learn more about how Deloitte’s approximately 225,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or Twitter.

About Deloitte in Luxembourg

In Luxembourg, Deloitte consists of 90 partners and over 1,800 employees and is amongst the leading professional service providers on the market. For over 65 years, Deloitte has delivered high added-value services to national and international clients. Our multidisciplinary teams consist of specialists from different sectors and guarantee harmonized quality services to our clients in their field. Deloitte General Services, société à responsabilité limitée, is an affiliate of the Luxembourg member firm of Deloitte Touche Tohmatsu Limited, one of the world’s leading networks of professional services firms.
© 2018 Deloitte Luxembourg.

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