DCM: Issuing house plans REIT
DCM Deutsche Capital Management is considering an IPO for part of its closed German property funds. According to a report of the Financial Times Deutschland, the firm wants to import buildings and pieces of land with a value exceeding €1bn into a Real Estate Investment Trust (REIT). Investors could then exchange fund shares for REIT shares. Before long, the offer shall be put before investors. The IPO is planned for June.