GERMANY - Henderson Global Investors has labelled initial rules governing new German REITs "unnecessarily restrictive", but welcomed the asset class's arrival in the country.
Following French SIIC and UK-REITs, Henderson said it saw a loosening of regulation surrounding each new regime and hoped the same would happen in Germany.
A spokesman said: “It will open the way for institutional investors to restructure their portfolios and it will provide an exit for the open-ended and closed-ended funds.”
He continued that the introduction of the G-REIT would speed the transfer of property from German corporate ownership, helping the restructure of German industry.
Henderson said it had observed an increasing number of German property investment opportunities and was looking forward to the emergence of a major new market sector.
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