Germany has officially joined the growing club of European countries with a tax-friendly real estate investment trust (REIT) after German president Horst Kohler signed the G-REIT law on Thursday. The law, ratified by the German parliament last March, is now effective retroactively to 1 January 2007. Several property companies in Germany are poised to convert to REITs and researchers at Degi, the property investment arm at insurer Allianz, have rated 10 property firms and eight private investors as G-REIT candidates.
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