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 said reversing course on fund writedowns
The German government is backing off from imposing stringent and potentially damaging new laws on open-end property funds, reversing course and dropping a proposed 10% across-the-board valuation write-down and planned minimum 24-month investment period. Industry sources say the CDU majority coalition partner retreated from its strict stance.