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.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
