Land Securities has estimated that it will have to pay a £315 mln (EUR 467 mln) conversion charge to the inland revenue in the UK next July following the company's decision last January to become a real estate investment trust (REIT). The charge represents 2% of the value of its REIT qualifying property assets as of December 31, 2006.
Real estate investor, developer and asset manager, Firethorn Trust has appointed Charlie Ingham as director of Firethorn Investment Management, its third-party investment, development and asset management services offering.
