French real estate industry backs EPRA in drive for EU REIT (EU)

The listed French property industry is to back the European Public Real Estate Association (EPRA) in its drive to establish a tax-efficient pan-European real estate investment trust (REIT), the head of the country's real estate securities association says.

"We believe that EPRA is best placed to lead the campaign in Brussels to establish an EU REIT, because of the strong support they have given to the development of REITs at the national level in most of the key European markets. We also think that the French SIIC (REIT) regime has the most attractive investment characteristics and could be the best model for an EU REIT," Jean-Paul Dumortier, President of La F

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