Saturday October 24, 2020

Reits 'are a step in right direction'

The budget cleared the way for real estate investment trusts, but their number is likely to be limited in the small Irish market, writes Philip Connolly.

9th December, 2012
James Nugent of Lisney: room for only two or three Reits in Ireland. Photo: Tony O'Shea

In a budget speech packed with references to attempts at stimulating the domestic economy, the introduction of Reits was cited as an attempt to help the National Asset Management Agency along with its deleveraging process. But will Reits prove to be much of a help in the recovery of the commercial property market?

Reits, short for real estate investment trusts, are publicly-quoted companies which own and operate income-producing property or property-related assets such as offices,...

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