Italy is to follow the example of the UK and Germany by introducing a real estate investment trust (REIT) next year. On Thursday the Italian parliament passed the 2007 Budget Law which contains the REIT legislation.
Italy is to follow the example of the UK and Germany by introducing a real estate investment trust (REIT) next year. On Thursday the Italian parliament passed the 2007 Budget Law which contains the REIT legislation.
Singapore's Mapletree Investments has acquired 31 student housing assets in the UK and Germany from Cuscaden Peak Investments for £1 bn (€1.2 bn).