BusinessCompany NewsHSBC eyes REITS

HSBC eyes REITS

HSBC says it may pump a portion of its £740m property portfolio into a REIT

The largest bank in the UK, HSBC, has indicated that it is interested in
pumping a portion of its £740m property portfolio into a real estate
investment trust (REIT).

The group made the move after the Budget announcement outlining the the rules
for the REITs.

‘Using REITs is something we would consider along with other avenues for our
freehold property portfolio,’ a spokeswoman told The Times. 

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