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28 May 2012

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A E90bn question: Can German property funds survive planned reforms?

Proposed German federal government reforms to the Investment Law, which include an across-the-board 10% writedown to valuations over five years, pose the nation's real estate fund industry with a challenge unprecedented in its 50-year existence. They show that Berlin's attitude to its investment industry is at best unconstructive, writes Allan Saunderson, PIE Managing Editor

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