Changes sought to real estate trusts - papers 4th January

The Treasury last month confirmed plans to introduce Reits, after years of lobbying from property companies and their advisers. But an initially warm reaction to the news has turned cold as property executives and analysts have digested the fine detail of the announcement. According to the paper, Liz Peace, chief executive of the BPF, which represents the property industry, said the group was still drawing up its official response to the draft legislation. But she suggested that further talks with the Treasury would be needed before the final legislation is published in the spring. Th...