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28 May 2012

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Germany's Hamborner wins authority to prepare conversion to G-REIT

The Duisburg-based Hamborner has received approval from shareholders to change its statutes to position for conversion, as planned, into a Real Estate Investment Trust on 1 January next year. This would make Hamborner only the third German REIT, but the first created from a long-time quoted company. The other two - alstria office and Fair Value - derived from specifically constructed portfolios.

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