PropertyEU

Beni Stabili to convert to REIT status by end-2010

By A staff reporter 2010-03-22T00:00:00

French property group Foncière des Régions plans to reduce its 68% stake in Beni Stabili to just 52% this year, allowing its Italian property arm to convert to the tax-efficient SIIQ status by the end of 2010, Christophe Kullmann, Chief Executive of Fonciere des Regions, told PropertyEU in an interview.

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