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Italy Seeks to Ease REIT Rules to Attract $1.3 Billion a Year

Italy is considering steps to make real estate investment trusts more profitable as it seeks to attract 1 billion euros ($1.3 billion) a year to a market that has failed to gain popularity since its 2006 creation.

The Economic Development Ministry proposed cutting the size of dividends REITs must distribute and easing rules for stock market listings, according to a draft bill. The ministry aims to increase the number of REITs to seven from two and raise their combined assets to 11.1 billion euros from 6.1 billion euros. The proposal hasn’t been scheduled for discussion in Prime Minister Enrico Letta’s cabinet.