UK-based Enterprise Inns, the operator of 7,700 tenanted pubs, on Friday unveiled corporate restructuring proposals it said should facilitate its plans to convert to tax-efficient real estate investment trust (REIT) status. Should Enterprise Inns convert into a REIT, it would be the first pub group to do so and would be expected to pave the way for the creation of other REITs involved with the sector.
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.
