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Section 239

Prohibition and restriction of acquisition and disposal

(1) An asset under section 231(1) or under section 234 may not be acquired for the account of a real estate collective investment fund where it is already owned by the AIF capital management company. It may further not be acquired for the account of a real estate collective investment fund from a parent, sister, or subsidiary undertaking of the AIF capital management company, or from another company in which the AIF capital management company holds a significant participation.
(2) An AIF capital management company may, only with the consent of the Federal Institute, 1. acquire for its own account, 2. dispose of to an undertaking within the meaning of subsection (1), second sentence, or 3. transfer to another AIF managed by it or by an undertaking within the meaning of subsection (1), second sentence, an asset held for the account of a real estate collective investment fund under section 231(1) or under section 234.

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