"This mandate is to reflect on the various courses of action needed to link up the sectoral interests of the real estate industry and the general economy," Kelberg said in a statement. "Xavier Betrand, as a statesman and also an elected local official, is fully aware of the structural impacts of the activities of the various property sectors and the role that the industry in general is going to play to assist the nation to exit from the economic crisis and boost growth when conditions for this are once again in place."

Kelberg is a lawyer, graduating from Science-Po in Aix-en-Provence and Fellow of the RICS. He is also president of the committee of real estate leaders (COPI), and lectures in real estate at University Paris I.

Allan Saundersonis a managing editor of Property Finance Europe and a contributor to GlobeSt.com.

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