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28 May 2012

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German 10% open property fund discount still on table - sources

The German federal government has not dropped plans to impose a 10% across-the-board discount on open-end property fund portfolios in the framework of new legislation likely to be proposed before the summer. However, industry specialists remain convinced that its imposition, if it occurs, will damage the E90bn sector and could be its death knell. (See upcoming PIE Editions for full story)

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