Property companies hijacking Reits debate - papers 13th Feb

Sir Stuart Lipton and Elliott Bernerd, two of the biggest names in the property industry, also support the view the new products are likely to take off, with or without the backing of listed property investors, says the paper. Real-estate investment trusts (Reit) are tax-efficient property funds aimed at small investors. They will be introduced early next year. But draft legislation published before Christmas prompted a row over whether the new vehicles would work. George Osborne, shadow chancellor, claimed last week they were "ill-thought out". One member of the industry group neg...