Good news for property: Unlisted funds could soon enjoy REIT status

South Africa’s commercial real estate sector welcomed the budget announcement that National Treasury is supporting, and working towards, extending South Africa’s REIT (Real Estate Investment Trust) dispensation to unlisted property-owning companies.

Pareto on the 2015 BUDGET – Unlisted Property Companies

Pareto welcomes the news of Government’s proposal that unlisted property owning companies should qualify for the same tax treatment as listed REITs (Real Estate Investment Trusts), if they become regulated.