Reits set for slow start

Just 16% of property groups plan to convert into or launch a real estate investment trust, the government's new tax-efficient property investment vehicle, when the structure goes live in January.

Research conducted by law firm Eversheds found that few groups were committed to reits because of restrictive ownership rules.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire