Real Estate
The private real-estate sector brings together multiple players covering several different forms of legal entity and operating with significant capital requirements. Our team of specialists support Institutional and international real-estate operators in carrying out their projects, from standard accounts management to setting-up complex acquisition structures.
Accounting
- Outsourcing the accounts for investment vehicles and the statutory auditing of SPVs
- Periodic and multi-referential reporting according to French PCF (GAAP) and international standards (IFRS) or US GAAP standards according to the consolidation frame of reference
- Digitization and workflow solutions for approving the accounting records
- Additional accounting and financial support
- Accounts delegatee (OPPCI) on behalf of management companies
Financial and accounting consulting
- Consulting and assistance in setting-up SIIC or OPPCI/SPPICAV-regime vehicles
- Optimization of the accounting consequences of the option for the SIIC or OPPCI/SPPICAV regime, accounts processing of the revaluations
- Structuring and optimization of distribution obligations within the framework of the SIIC and OPPCI/SPPICAV regime (management of cash-traps)
- Leasing agreement acquisition – accounting and tax consequences when exercising the option
- Real-estate development operations – managing the progress
- Support in choosing the accounting options according to the standards in force
- Implementation of accounting information systems
- Securing of accounting data established by the property administrator before integration

Standard tax management and Assistance with tax audits
- Assistance during the option for the SIIC and OPPCI/SPPICAV regime and estimation to the Exit Tax
- Tax management of transparent companies (SCI, SNC) and application of the Quemener case law
- Management of land and tax integration
- Monitoring problems of limited interests – thin capitalization rules
- Real-estate VAT and VAT on margins for asset purchase and sales operations (VAT election letter, calculation and certification of 20th of VAT, article 257 a etc.)
- Management of tax obligations of non-residents owning assets in France
- Support during accounting verification procedures by the tax administration
- Calculation of deferred taxes
- Preparation of standard tax returns

Strategic acquisitions support
- Accounting audit on acquisitions (due diligence) and declarative verifications in tax matters
- Calculation and negotiation of the unit price in the case of a share deal
- Tax optimization in relation to legal counsel
- Post-acquisition monitoring
- Assistance in implementing data rooms (VDD)

Typical Assignments
“Our team of employees specializing in Real Estate Investment have developed a recognized multidisciplinary approach in order to offer a comprehensive service”
Doing Business in France
Multi-sectoral accounting
Specific sector