Alternative Investment Market companies are furious about a ruling that they will not be eligible to become Reits.
Cobbetts said there were more than 60 property companies on the index which raised more than £750m in the first quarter alone
Its head of commercial property, Andrew Flounders, said this was “a massive blow”.
He said the decision might force companies onto the main market when they are not ready.
References: The Daily Telegraph 22/05/06 page B2, page B7 (AIMMarket)
