The Securities and Exchange Commission of Pakistan has released the Real Estate Investment Trust regulations for 2008.
The REIT rules allow the general public to add funds to a pool of real estate investments.
Fund managers will have a minimum of 20 per cent stake in pool schemes and will receive a management fee for managing the real estate.
People will be allowed to invest through units of the REIT scheme, which will be listed on stock exchanges.
According to the REIT regulations, two types of schemes are envisaged in Pakistan: developmental and rental.
In a developmental scheme, property will be bought and sold with the sale proceeds to be distributed among the unit holders.
In the rental REIT, a portfolio of properties will be rented out with returns to shareholders being distributed after annual dividends from rental income are totalled.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment