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
Berlin may back off from fund writedowns after all
The German federal government may finally be backing off from imposing strict and potentially damaging new laws on the nation's open-end property funds, dropping a proposed 10% across-the-board valuation write-down and a planned minimum 24-month investment period aimed at stemming short-term capital volatility. Instead, capital redemptions above e5,000 per month will face staggered redemption notice. (See upcoming PIE Editions for full story)