The British Treasury is to earn a £1 bn-plus 'windfall' in 2007 from the conversion charge that property companies must pay when they opt for tax-efficient real estate investment trust (REIT) status, according to a report in a British newspaper.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
