Terms & Conditions

These Terms & Conditions (the “Terms”) explain certain legal and regulatory restrictions in relation to the Principal Real Estate Limited website (www.principalREEurope.com). Principal Real Estate Limited (“Principal Real Estate”) is authorised and regulated by the Financial Conduct Authority (“FCA”) in the United Kingdom and provides investment management, advisory and distribution services to clients who are professional investors and eligible counterparties.

You should read the Terms carefully, as your access and use of the website are expressly conditioned upon your acceptance of the Terms. In using this website, you agree to the Terms. If you do not agree to them you should exit this website now. Principal Real Estate may refuse access to and usage of the website to anyone at any time, in its sole discretion.

 

Target Audience.

This website is directed exclusively at persons who are capable of being treated by Principal Real Estate as Professional Clients or Eligible Counterparties, and should not be relied upon by Retail Clients (all as defined by the FCA). The products and services described on this website are only available to Professional Clients or Eligible Counterparties. The products and services described in this website are not available to, or suitable for, Retail Clients.

Principal Real Estate makes no representations that materials on this website are appropriate for use in all locations, or that products or services discussed on this website are available or appropriate for sale or use in all jurisdictions, or by all investors or counterparties. Those who access this website do so at their own initiative, and are responsible for compliance with applicable local laws or regulations.

 

No Investment Advice.

The contents of this website have been prepared solely for general information purposes and should not be considered as a statement on any matter and should not be relied upon as such nor should it be construed as specific investment advice, an opinion or recommendation. Nothing herein constitutes advice to purchase a particular investment or advice in relation to the tax consequences of any action, and independent professional advice should be taken before any course of action is pursued.

 

No Solicitation.

The information contained in this website shall not be considered a distribution, an offer to sell or a solicitation to acquire or dispose of an interest in any financial instrument.

 

Performance Risks.

The value of an investment, and the income from it, may fall as well as rise and an investor may not get back the full amount of their investment. Where an investment involves a foreign currency, changes in exchange rates may also cause the value of an underlying investment to fall or rise. Past performance is not a reliable indicator of future returns.

Where Principal Real Estate has expressed views and opinions, these may change. Investment products managed by Principal Real Estate invest directly or indirectly in property and land. These interests can be difficult to sell, so investors may not be able to sell these investment products when they want to. The value of the property is generally a matter of a valuer’s opinion.

 

Principal Real Estate Disclaimer.

The opinions on this website constitute the judgement of Principal Real Estate, which is subject to change without notice.

Although Principal Real Estate attempts to provide accurate, complete and up-to-date information, Principal Real Estate makes no warranties or representations, express or implied, as to whether information provided on or via this website is accurate, complete or up-to-date. Principal Real Estate makes no guarantee of its accuracy or completeness and is not responsible for errors of transmission of factual or analytical data, nor is it liable for damages arising out of any person’s reliance upon this information.

Users should note that Principal Real Estate has no control over third-party web-pages linked to or from these web-pages and will accept no liability in respect of third-party web pages.

Principal Real Estate reserves the right to modify or discontinue the website without notice, or change these Terms, at any time and your continued use of the website following such a change shall be deemed to evidence your acceptance of the change.

Principal Real Estate reserves the right to suspend or withdraw access to the pages of this website without notice at any time and accepts no responsibility for these pages not being available at all times.

 

Ownership of Website and Copyright.

This website is owned by Principal Real Estate. The website and any and all accompanying screens, information, materials, user documentation, user interfaces, images, arrangements of information, related software and other proprietary property of Principal Real Estate or its licensors accessible via the website is and shall remain the exclusive property of Principal Real Estate and its licensors, as the case may be. All rights to the website remain with Principal Real Estate or its licensors. This website is for your personal and non-commercial use. You may not modify, copy, distribute, transmit, display, perform, reproduce, publish, license, create derivative works from, transfer or sell any information, software, products or services obtained from this website.

 

Unauthorized Access.

This website is not absolutely protected against unauthorized third parties. You acknowledge that any information provided through the internet may be potentially accessed by unauthorized third parties. Although Principal Real Estate will make reasonable efforts to protect the privacy of users of this website, no guarantee can be made that unauthorized third parties will not access the information contained on the website. You acknowledge that Principal Real Estate is not responsible for notifying you that unauthorized third parties have gained such access or that any data has been otherwise compromised during transmission across computer networks or telecommunications facilities, including, but not limited to, the internet.

 

Online Privacy Policy.

Your access and use of the website are governed by Principal Real Estate’s Online Privacy Policy.

 

Limitation of Liability.

In no event will Principal Real Estate be liable for any damages, or for repairs or corrections that must be performed, to or on your computer, person or other property, including, without limitation, direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the website or use thereof or the inability by any party to use such website, or in connection with any failure of performance, error, omission, interruption, defect, delay in operation or transmission, computer virus or line or system failure, even if Principal Real Estate, or representatives thereof, are advised of the possibility of such damages, losses or expenses.

 

Recording of Communications.

Telephone communications with Principal Real Estate may be recorded.

 

Governing Law.

This website is governed in accordance with the laws of England and Wales. By accessing the website, you agree to submit to the exclusive jurisdiction of the Courts of England and Wales and waive any objection to proceedings in such courts on the grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

 

Issuing Company.

The website is issued and communicated by Principal Real Estate Limited, which is authorised and regulated by the UK Financial Conduct Authority (https://register.fca.org.uk/). The registered address for Principal Real Estate Limited is: Broadbent House, 65 Grosvenor Street, London W1K 3JH. Registered in England and Wales No. 05948858. FCA registration number: 564971.

This website, the distribution of information on it and the offer or placement of interests in any fund managed by Principal Real Estate Limited (“Principal Real Estate”) or any of its affiliates (a “Fund”) may be restricted by law or regulation in certain jurisdictions. This website and the information on it is only directed at persons, and interests in any Fund will only be available for investment, to the extent that it is lawful under all applicable law and regulation to do so in any relevant jurisdiction. This website and the information on it are not addressed to any person resident in any jurisdiction where such distribution would be contrary to local law or regulation. Accordingly, visitors to this website should inform themselves about, and observe, local laws in their own jurisdiction which may restrict their ability to engage the services of Principal Real Estate or any of its affiliates, or to invest in any Fund.

In particular for investors in the European Economic Area (“EEA”), this website and the information on it is only directed at persons who are professional investors for the purposes of the Alternative Investment Fund Managers Directive (2011/61/EU) (“AIFMD”), professional clients or eligible counterparties for the purposes of the Markets in Financial Instruments Directive (Directive 2014/65/EU) (“MiFID II”) or as otherwise defined under applicable local law and regulation and at whom this website and the information on it may lawfully be directed in any relevant jurisdiction (“Eligible Persons”). In relation to each member state of the EEA (“Member State”) which has implemented AIFMD (and for which transitional arrangements are not/ no longer available), this website may only be accessed and interests in Funds may only be offered or placed in a Member State to the extent that: (i) the relevant Fund is permitted to be marketed to professional investors in the relevant Member State in accordance with AIFMD (as implemented into the local law/regulation of the relevant Member State); or (ii) this website and its information may otherwise be lawfully distributed and the interests in Funds may otherwise be lawfully offered or placed in that Member State (including at the initiative of the investor). In relation to each Member State of the EEA which, at the date of accessing this website, has not implemented AIFMD, this information may only be distributed and interests in Funds may only be offered or placed to the extent that this information may be lawfully distributed and the interests in Funds may lawfully be offered or placed in that Member State (including at the initiative of the investor).

In addition in the United Kingdom, this website and the information on it is intended only for, and is directed only at, persons who both (i) are capable of being treated by Principal Real Estate as professional clients or eligible counterparties, as each term is defined in the rules of the FCA, and (ii) fall within an exemption from Section 21 (or, in relation to communications by Principal Real Estate concerning collective investment schemes, Section 238) of the Financial Services and Markets Act 2000 (“FSMA”) in accordance with (a) Article 19 of the FSMA (Financial Promotion) Order 2005 (“FPO”) or Article 14 FSMA 2000 (Promotion of Collective Investment Schemes) (Exemptions) Order 2001 (“CIS Order”), being investment professionals having experience in relation to investments including unregulated funds, (b) Article 49 FPO or Article 22 CIS Order, being certain high net worth companies, trusts and unincorporated associations etc., or (c) being any other class(es) of person in or outside the United Kingdom to whom this website and its contents may otherwise lawfully be communicated. This website and the information on it and the opportunity to invest in the Funds is only available to such persons in the United Kingdom and this website and the information therein must not be relied or acted upon by any other persons. This website is not directed at or intended for U.S. persons and by accessing this website you represent to Principal Real Estate and its affiliates that you are not a U.S. person as defined in Regulation S under the United States Securities Act of 1933, as amended and are not acting on behalf of a U.S. person, nor purchasing with a view to re-sale in the US or to or for the account or benefit of a U.S. person.

Persons who are not Eligible Persons, including but not limited to those individuals or other persons who fall within the FCA’s definition of ‘retail clients’, should not use or rely upon this website or the information contained therein and may not engage the services of Principal Real Estate or any of its affiliates, or invest in any Fund. Potential investors are advised that all or most of the protections provided by the UK regulatory system will not apply and that the UK Financial Services Compensation Scheme may not be available in relation to an investment in a Fund or separate account.

When using this website and clicking accept below, you agree you will comply with all applicable local, national and international laws and regulations, including but not limited to those laws and regulations relating to data privacy, international communications and exportation of technical or personal data. In certain jurisdictions it may be illegal to access, view or download the information contained on the website and Principal Real Estate and its affiliates hereby disclaim all responsibility and liability if you access or download any information from this website which is in breach of any law or regulation of the jurisdiction in which you are a citizen, resident or domiciled.

This website and the information contained therein is not intended to provide the basis of any investment decision relating to Funds, products or services and any potential investor accessing this website should not solely rely on this website in evaluating the virtues of investing in any investments in such Funds, products or services referred to on this website. Any decision by a person to purchase interests in Funds, products or services must only be made following such person having thoroughly read all of the related materials to such investment including the relevant prospectus or offering memorandum for the relevant Fund and any supplements or appendices thereto, which must be received and reviewed prior to a person making any such investment decision. The relevant prospectus or offering memorandum for the relevant Fund may contain different information to the information and opinions contained on this website at any point in time. Any person purchasing an interest in a Fund, product or service referred to on this website must be able to bear the risks involved and must satisfy the relevant suitability requirements relating to such purchase of an interest in a Fund, product or service. Furthermore, some or all investment programs included on the website may not be suitable for certain investors.
The contents of this website have not been verified or approved by any competent regulatory or supervisory authority. No liability, whether in negligence or otherwise, arising directly or indirectly from the use of the information or any part of it on this website is accepted and no representation, warranty or undertaking, whether express or implied, is or will be made at any time by Principal Real Estate or its affiliates or any of their respective advisers, directors, officers, employees, representatives or other agents (“Principal Agents”) for any information or any of the opinions contained herein or for any errors, omissions or misstatements. None of Principal Real Estate or its affiliates or any Principal Agents makes or has been authorised to make any representation or warranties, whether express or implied, in relation to Principal Real Estate or regarding the truth, accuracy or completeness of any of the information contained on this website at any time. No representation or warranty is given by Principal Real Estate, its affiliates or the Principal Agents as to the achievement or reasonableness of, and no reliance should be placed on any projections, targets, estimates or forecasts contained in the information on this website. Furthermore nothing contained on this website is or should be relied on as a promise or representation as to the future. No reliance may be placed by any person for any purpose whatsoever on the information or opinions contained on this website or on its completeness, accuracy or fairness at any time.

Before accessing this website please confirm that you have understood and agree to the above and that you understand yourself to be, or be representing, an Eligible Person.