National governments in Europe will continue to block the emergence of a pan-European REIT, according to Ian Coull, CEO of UK-based logistics supplier Segro. 'There will be further harmonisation of REIT regimes, but I do not believe a European REIT will be in place in my working lifetime, or in that of my children or grandchildren. The European Commission has only showed modest interest in a European REIT. I don't see it going beyond that. And tax policy is a thorny issue for national governments.'
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