Core Industrial Reit looking to revive its flotation plan

Core Industrial Reit looking to revive its flotation plan

Property firm Core Industrial Reit is still eyeing a stock market listing, more than a year after scrapping its €225 million flotation.

The company, which is backed by American hedge fund York Capital, said it needs the listing to ensure it is not hit with a tax liability. To take advantage of Irish real estate investment trust legislation and pay no corporation tax, Reits must pay out 85 per cent of the profits from its rental...

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