Fair Value Immobilien has become the second company to convert to the German equivalent of a tax-friendly real estate investment trust (REIT). The company focuses on the acquisition of stakes in closed-end real estate funds and the direct acquisition of commercial properties. It was registered as a G-REIT on Thursday and adopted the name Fair Value REIT-AG.
Finnish real estate manager Sirius Capital Partners, through a recently formed affiliate, has purchased a portfolio of four residential buildings in Helsinki, Finland.
