Degi has drastically reduced its forecast for the German real estate investment trust (G-REIT). Initially, it was considered reasonable that the tax-friendly vehicle introduced in 2007 would see market volumes of EUR 50-60bn. But in a new report, Degi- the German property investment fund manager owned by UK-listed Aberdeen Asset Management - says it expects the value to be far lower.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
