France has seen the launch of over 40 OPCI investment vehicles with a total market capitalisation of EUR 5 bn since legislation was passed in late 2007 facilitating the creation of these new non-listed property investment funds. A total of 28 management companies were licensed by the French stock market regulator AMF to launch and manage OPCI funds, French paper Business Immo reported AEW Europe’s head of strategy Mahdi Mokrane as saying during the 5th OPCI forum organised by IPD France and Taliance. The majority of the OPCIs which have been launched are dedicated to institutional investors, with just three dedicated to retail investors.
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