Schroder Real Estate Investment Trust has proposed that it become a REIT under a UK listing on the London Stock Exchange.
Originally launched as a non-listed closed-end fund in 2004, the company has made the decision to transfer to REIT status, which takes advantage of UK tax regulations in regards to the income stream from the underlying properties.
The fund expects to become a REIT, subject to shareholder approval, in May 2015 following an Extraordinary General Meeting on 28 July.
