PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
Berlin changes property fund law draft again
The German government has again changed proposed legislation on open-end property funds. The Handelsblatt newspaper says Berlin now proposes that private savers may withdraw up to E30,000 once per half-year instead of E5,000 per month, has dropped haircuts of 5%-10% on redemptions after an initial 24-month minimum holding, and moved awas from its insistence on monthly fund asset valuations to now allow quarterly.