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28 May 2012

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New German law may extend pre-REITs for 1yr

The Bundestag lower house of the German Parliament will soon decide on an amendment of real estate investment trust law to allow pre-REITs a one-year extension to launch an IPO and qualify for full status. A spokesman for one firm directly affected, Munich's Prime Office, said the environment for property IPOs has now become more favourable.

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