Thursday, April 23, 2009

The Debts of the Spenders: UK Govt Disappoints REIT Industry

The Government made only minor tweaks to Reit regulations, including making it easier for tenanted pub groups, such as Enterprise Inns, to become a Reit.

Property investors and occupiers were also hoping the Government would lift or reduce the £1bn cost of imposing rates on empty buildings.

However the Chancellor's decision not to address the point in the Budget led to accusations he was piling pressure on landlords and retailers when they are more vulnerable.



Source:

http://www.telegraph.co.uk/finance/financetopics/
budget/5202862/Property-industry-condemns-Darling-
as-pleas-are-ignored-in-Budget-2009.html

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