Derwent London set to join UK REITs

By A staff reporter 2007-03-20T00:00:00

Derwent London has confirmed it is planning to convert to tax-efficient real estate investment trust (REIT) status on July 1, 2007. The group will be required to pay a one-off charge calculated. Set at 2% of the group's gross qualifying assets, this comes to £46 mln (EUR 71 mln). ...

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