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UK Residential Council: REITs Seminar

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UK Residential Council: REITs Seminar

The UK Government introduced Real Estate Investment Trust (REIT) enabling legislation on January 1, 2007. Initial take-up was encouraging; nine REITs were created that day, with a total of 17 trading by September 2007. Like the wider property market, values were severely impacted by the subsequent economic downturn and according to DTZ, the market capitalisation of UK REITs is currently £28.2 billion.

Source : ULI

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Keywords : ULI