Change font size:   

 
Selling short

Selling short

Euromoney's coverage of past short selling regulations and questionable events is worth a look today

Securitisation is not dead

Securitisation is not dead

By Michael Heise, chief economist Allianz Group/Dresdner Bank

February 2007

Real estate: Is the UK already over-Reited?

The UK has been eagerly awaiting the introduction of tax-free real estate investment trusts for years, so when the legislation permitting them finally took effect at the start of 2007 nine of the UK’s largest property companies were ready to make the switch.




The companies, which included FTSE 100-listed Land Securities, Slough Estates, BritishLand, Hammerson and Liberty International, all enjoyed double-digit share price rises, valuing them at a premium to their net asset value for the first time in years. Investors snapped them up with the expectation of higher dividend payouts to come.

Share prices for all real estate companies have been soaring partly on investor expectation that some of them will either convert to Reits or be acquired by Reits. Several, such as Minerva, and Capital...


This is archived content. Your current settings does not currently allow access to the archive. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.


Subscribe

Subscribers to Euromoney benefit from:
    
Level 1:

  • Online access to the past 12 months content
  • Tailored RSS news feeds direct to your desktop
  • News delivered directly to your mobile device or PC
  • Personalised email newsfeed of 'Top stories' and 'Breaking news'

    Level 2:

  • Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
  • 12 monthly issues of Euromoney magazine
  • More than 30 specialist research guides free
  • The results of Euromoney’s polls and surveys
  • Tailored RSS news feeds direct to your desktop
  • News delivered directly to your mobile device or PC
  • Personalised email newsfeed of 'Top stories' and 'Breaking news'

Click here to subscribe




Ruromoney Jobs Post a job