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Existing Reit markets still have room to grow

But tax and legislation remain the biggest hurdles to forming Reit regimes in nascent markets: analysts

"I think that the core markets we have are not yet fully developed. Having more regimes out there is a very positive thing, but I see the major markets, especially Japan, far from developed. Japan to me could potentially be a game-changer if it were to adopt policies that allow major developers to defer paying exit taxes of some sort." - Christian Bernasconi, managing director of B&I Capital. (Above) Aerial view of Tokyo


WHILE it is good that several developing countries have been building up their nascent real estate investment trust (Reit) regimes, some analysts and asset managers think that there is still a lot more room for existing Reit markets to build up their capacities.

At the...