Investor Relations

The Company was established to take advantage of the recently introduced Real Estate Investment Trust (REIT) tax regime in the UK, with the objective of assembling a portfolio of investment properties in the UK principally through the acquisition of privately owned property investment companies. Once established as a REIT, the Company will be able to use the favourable REIT tax regime which offers tax transparency to investors to extinguish latent tax liabilities within companies acquired on payment to HMRC of an entry charge of 2% of the value of relevant property assets. Accordingly, the directors believe that the Company will have a significant advantage in acquiring properties through the purchase of such private property investment companies, compared with other non-REIT purchasers who will not be able to extinguish the latent tax liabilities.