BBI Burgerliches Brauhaus is likely to be listed as a German real estate investment trust (REIT) in the medium term, researchers at merchant bank Kempen & Co noted as Bavaria's VIB Vermogen announced it had reduced its holding in the company based in Ingolstadt, Germany from 94.45% to 28.63%. Germany and the UK are to introduce REITs in January. VIB Vermogen's reduction of its stake is a decisive step towards the listing of BBI Burgerliches Brauhaus. It was preceded by a capital increase at BBI. A total of 3,64 million shares were issued at EUR 12.75.