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.
Listed REITs and banks, British Land, Capital & Regional and Wells Fargo, bought and sold four shopping centres and retail parks this week.
