Professional services firm Ernst & Young has secured three engagements to help three German real estate companies float on the stock market and convert to a tax-efficient real estate investment trust (REIT). German legislators are working out the fine print of the legislation and the German or G-REIT is likely to be enacted into law in April and backdated to January. Unlike the UK where the names of the likely converters were known months in advance of the introduction of a REIT there in January, no German property companies have put their head above the parapet and confirmed they will adopt REIT status.
Premium subscriber content – please log in to read more or take a free trial.
