Philip Charls, CEO of the European Public Real Estate Association, said he is very positive about the future of REITs and the securitization of real estate generally in Europe. "We are very positive," he said. Across Europe, only 2.5% of the real estate is securitized, and in Germany, the region's biggest economy, that figure is 0.9%. "There is a lot of room for improvement," Charls said.

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