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Property Investor Europe News

Berlin firm readies first German hotel REIT

29 August 2011, 06:51 PM

Berlin-based HOPAG Hotel Property has increased its nominal capital by ¤2.8m to ¤3.6m, targeting ¤30m in three to four years’ time, when it wants to carry out an initial public stock market offering and transform into the first German hotel REIT.