Eversheds aids Royal London with property fund conversion
Eversheds has advised Royal London Asset Management (RLAM) on the conversion to its property fund to the new, more tax-efficient Property Authorised Investment Fund (PAIF) status. RLAM’s flagship £188m Royal London Exempt Property Unit Trust has become a PAIF – the open-ended fund equivalent of a REIT that gives investors access to a wider pool of assets […]