IVG weighs EUR 1.5bn REIT launch

German property investment firm IVG may float German commercial properties worth EUR 1.5 bn in the form of real estate investment trusts (REITs), Financial Times Deutschland reported, citing IVG ceo Wolfhard Leichnitz.

'We are currently calculating whether it's worthwhile for investors,' Leichnitz said. He added that IVG will not make a decision on the move until the summer, as the company plans to waits for results from other German companies planning to sell REITs on the stock exchange, the paper said.

Germany's lower chamber, the Bundestag, approved the introduction of the German real estate investment trust (G-REIT) in late March.