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Book Review

 
Nicola Westbrooke KPMG reviews Real Estate Investment Trusts: A Global Analysis Consulting Editor Rachel Booth Macfarlanes; Global Business Publishing; £115; ISBN 0-9548706-7-0/9780954870676
 
Following lobbying by the UK property industry over a period of many years we are now eagerly waiting for the dawn of a new world for investment in UK real estate. Enabling legislation in this year's Finance Act with support from Statutory Instruments that have recently become law allows a UK-resident group holding company to elect for the group to have Real Estate Investment Trust status with effect from 1 January 2007. As this book demonstrates the UK is playing catch-up in that it is the last major industrialised nation to introduce a REIT regime with the exception of Germany which...

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