City firms well placed to cash in on launch of real estate investment trusts
Property lawyers have hailed the long-awaited confirmation of the introduction of real estate investment trusts (Reits), but have warned that crucial questions remained unanswered. City real estate practices expect to reap immediate rewards once Reits are introduced in mid-2006, but details of a conversion charge to offset Treasury tax losses are still missing. SJ Berwin property partner […]