UK-based Big Yellow Group said that a disagreement with UK tax officials may derail its plan to convert to a REIT. The officials object to the change in tax treatment of the company's rental income. Big Yellow will hold further talks with the tax authorities and aims to proceed with its plan, researchers at merchant bank Kempen & Co said.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
