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- Real Estate Flash - Newly created Portuguese Real Estate Investment and Management Companies (SIGI)
Real Estate Investment Trusts (also known as REITs) and similar structures are already in place in some countries, such as Spain (through SOCIMIs) or the UK. Portugal has just joined this movement, by enacting Decree-Law no. 19/2019, of January 28, which establishes the legal framework applicable to Sociedades de Investimento e Gestão Imobiliária or SIGI, a new kind of Portuguese companies, similar to REITs.