Shaftesbury and McKay Securities have become the latest UK-listed property companies to announce they are to convert to tax-efficient real estate investment trust (REIT) status. Nine UK property companies, including giants British Land and Land Securities, converted on 1 January. Shaftesbury and McKay Securities are to follow suit on 1 April.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
