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