The German Social Democrat Party SPD has signalled it may agree to a partial inclusion of residential properties in legislation to introduce real estate investment trusts (REITs) in Germany. A party spokesperson said in an interview that the SPD still opposes REIT eligibility for purely residential properties, but may approve mixed commercial-residential properties, news service Bloomberg reported.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
