The British government has eased the entry rules for new companies seeking to become real estate investment trusts (REITS) when the enabling legislation comes into force next January. The concession by chancellor Gordon Brown is a response to bitter objections voiced by property professionals to the original framework. Stricter rules applying to joint-venture schemes have been relaxed.
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.
