IFM04140 | Property authorised investment funds (PAIFs): introduction and conditions of membership for the regime: foreign equivalents to ‘UK REITs’

Where a PAIF owns shares in foreign entities equivalent to UK Real Estate Investment Trusts (UK REITs) then the shares will be assets of the property investment business (PIB) (Regulation 69F(1)(c) SI 2006/964). Guidance on UK REITs can be found from IFM21000 with guidance on foreign equivalents to UK REITs at IFM22016.