German real estate experts cautiously welcomed German finance minister Peer Steinbrueck's draft legislation on German REITs (known as G-REITS), but demanded clarity on the situation regarding residential real estate investment trusts. 'There will be a political debate about the residential REITs,' said Rudolph Hanisch, deputy chairman of the BayernLB board at the Expo Real commercial real estate fair in Munich on Monday. 'This debate should be finished quickly so that we have certainty, with or without the housing REITs.'
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