Belfast Telegraph

New investment trust float talks

Irish stockbrokers Davy and Goodbody have had discussions with retail asset manager Sigma on a flotation of a new real estate investment trust (Reit).

Sigma is also understood to have had discussions with several private-equity firms which own extensive retail assets about the formation of the new publicly-quoted Reit.

The Reit would give investors access to Ireland's retail sector by allowing them to invest in stocks in a tax-efficient trust.

If it goes ahead, it will join three other Reits on the Irish Stock Exchange - Green Reit, Hibernia Reit and Ires Reit

Belfast Telegraph

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