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German property investment vehicles and the introduction of G-REITs: an analysis

Schacht, Ulrich ; Wimschulte, Jens


Abstract

Purpose – Germany is the biggest real estate market in Europe. Although some established vehicles for indirect property investments are available, the German real estate market is dominated by direct investments and lags behind its international peers in capital market integration. The purpose of this study is to examine whether the recent launch of German REITs may improve this situation. ...

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