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2007-02-13

Great Britain | Opinion Companies Financial Markets Prices and Markets REIT

The Investment Column: St Modwen denied chance to join REITs bandwagon

Great Britain: St Modwen Properties would love to be able to convert to a Real Estate Investment Trust and enjoy the tax breaks the status offers, but as a property developer the current rules do not allow it to join the club. Nevertheless, that did not stop the group from posting a stellar set of full-year results yesterday.

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