Published 4 May 2006 Hammerson plc said today it would opt to become a reit if the UK Government’s Finance Bill proposals for real estate investment trusts stay substantially in their current form. In a speech for Hammerson’s annual meeting, in London on Thursday, chairman John Nelson gave 4 tax benefits as reasons for switching: […]
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Asian Growth starts well in London then slips
Published 17 January 2006 Asian Growth Properties Ltd began trading on the London Stock Exchange’s Aim (alternative investment market) on Monday at a premium to pro forma net asset value, but early trading on Tuesday took the price below asset backing. Asian Growth comprises the 75% of New Zealand-listed Trans Tasman Properties Ltd’s assets which […]
Read more →UK-reit draft law published
Published 18 December 2005 The UK Government published draft legislation on Wednesday, 14 December, for its long-awaited UK-reit structure. It launched the formal consultation on draft clauses to be part of the Finance Bill 2006 and wants comments back by Friday 27 January. Key features: the regime will be open to UK-resident listed companies at least 75% […]
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