PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Rome also to ease REIT rules in face of financial crisis
The Italian government will amend its REIT regime, introduced finally at the start of this year, in order to ease market access for the vehicles. Reforms are part of a decree to implement wide scale anti-crisis measures for the economy. Though Rome has decreed maximum single-block equity of 51% by this year, a penalty-free grace period will allow up to a 70% stake upon regime entry, and two tax years to lower that to the maximum. Minimum flotation rules are also eased.