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Reits 'to gain in popularity across Europe'
Signs are emerging that real estate investment trusts (Reits) are to increase in popularity across Europe as property markets emerge from the economic downturn.
This is according to the Wall Street Journal, which noted that while these trusts have been commonplace in the US for some time, their use in Europe only began in recent years.
It explained news that German commercial property group Hamborner has converted to a Reit may result in their popularity rising across the continent and Rudiger Mrotzek, executive board member at the firm, was quoted as saying that they will soon return to the market once the economy has shown signs of stability.
"When financial markets have calmed down again there will be a lot of Reits coming to market," he remarked.
Last month, it emerged that both ING Real Estate Trust and Rugby Estates Investment Trust are in talks to purchase the assets of the Rugby Group's property portfolio.
This is according to the Wall Street Journal, which noted that while these trusts have been commonplace in the US for some time, their use in Europe only began in recent years.
It explained news that German commercial property group Hamborner has converted to a Reit may result in their popularity rising across the continent and Rudiger Mrotzek, executive board member at the firm, was quoted as saying that they will soon return to the market once the economy has shown signs of stability.
"When financial markets have calmed down again there will be a lot of Reits coming to market," he remarked.
Last month, it emerged that both ING Real Estate Trust and Rugby Estates Investment Trust are in talks to purchase the assets of the Rugby Group's property portfolio.
Thu, 11th Mar 2010