Portuguese REITs Amendments Law 97_2019

On September 4, the Law No. 97/2019, approved the first amendment, by parliamentary appraisal, of the Portuguese real estate investment trusts - sociedades de investimento e gestão imobiliária (“SIGI”) approved by Decree-Law No. 19/2019, of 28 of January. This amendment approved the tax regime applicable to SIGI and introduced, among others, changes in (i) corporate purpose; (ii) assets composition; and iii) free float requirements.