UK pub chain Mitchells & Butlers said on Thursday that it is considering transferring its property assets into a real estate investment trust and added it has received a proposal from R20, the investment vehicle of UK-based property tycoon Robert Tchenguiz, regarding the new tax-efficient vehicle. The move is aimed at unlocking the value of M&B’s 2,000 pub sites, the pub chain said during the presentation of its annual results on Thursday.
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