CANNES-Are European REITs stuck at the starting gate? The suggestion was made by some at MIPIM here that REIT growth has been “disappointing.” And what will come of the expectation that rather than creation going forward on a country-by-country basis, that a unified, over-arching European REIT structure will emerge?
REIT growth is “progressing slowly,” according to Cofinimmo CEO Jean Carbonelle. “But we have proposed an option for a REIT regime in all European countries.” He is hopeful that it will take effect in “three or four years.”