DLA Piper today confirmed that is has become the latest member of Reita, the educational and awareness campaign behind the reita.org website.
DLA Piper is the UK’s 6th largest law firm and has 3,200 lawyers in 24 countries and 62 offices throughout the US, UK, Continental Europe, Middle East and Asia.
Some 33 companies are now members of the Group, which was established to raise awareness and understanding of Real Estate Investment Trusts (REITs) introduced in the UK earlier this month, the funds that invest in REITs and investment opportunities in UK listed property companies.
The Group now includes nine of the biggest quoted property companies – some of which have already converted into a REIT and others that are likely to maintain their current structure – ten of the leading fund managers, the London Stock Exchange, ten merchant banks and advisers, legal firm DLA Piper, the British Property Federation and the Investment Property Forum.
Drew Wallace, Head of Real Estate, DLA Piper Scotland comments: “The real estate market is rapidly evolving. Legislative changes, diversification of investors and market demands are creating unprecedented challenges and opportunities for those operating in the sector. We are very pleased to be the first law firm to join Reita. We look forward to being part of a group that is already widely recognised and helping shape this rapidly changing sector”.
Dave Butler, Reita Programme Coordinator, comments: “We are delighted to have DLA Piper on board. They are a very influential firm and Reita will benefit enormously from their input and expertise. Following the launch of REITS earlier this month, interest in the campaign is growing fast now and we welcome the intellectual capital that this new partner will bring to the team.”
The reita.org portal provides expert knowledge, education and tools for professional financial advisers, other financial specialists and private investors, and represents the UK’s first dedicated educational resource for information on REITs and quoted property investment.