Liberty looks at REIT status
FTSE100 property group looks at REIT status
FTSE100 property group Liberty International is lining itself up to take on
REIT status, it announced today at its AGM.
‘We are confident that the company would be an attractive REIT in the light
of our size and specialisation, with 86% of our total assets at 31 December 2005
in prime regional shopping centres and retail property over all to 93%,’ Liberty
announced in its AGM statement.
The group will work with its advisers to review the impending finance bill
with a view to making a recommendation whether it would be in the best interests
of Liberty to ‘join the new regime’.