Slough to confirm REIT status

Slough Estates is expected to confirm this week that it will become a real
estate investment trust (REIT), according to reports.

REITS come into force in January, and are a tax efficient structure that many
property companies are considering moving towards, including British Land and
Land Securities.

The move by Slough was expected to allow it to release deferred tax
provisions estimated at over £400m, according to The Daily Telegraph,
and should be announced when it releases interim figures on Wednesday.

Private companies are also likely to go public to use the tax advantages.

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