UK pub chain Mitchells & Butlers (M&B) has said it will convert to a real estate investment trust (REIT) as soon as market conditions are 'suitable.' The company said the move will 'more fully capture the value of its property estate'. M&B, which owns 2,000 pubs across the UK, added that conditions in the financial markets preclude switching to a REIT now.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
