Home / Front Page/ REITS finally coming!

REITS finally coming!


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 16 January 2019 00:10


 


The Colombo Stock Exchange (CSE) is planning to introduce Real Estate Investment Trusts (REITs) as a new product to the market this year, a top official confirmed.

“We are hoping that we will be able to facilitate REITs as a new product before the end of this year,” CSE Chief Executive Officer Rajeeva Bandaranaike told Daily FT.

REITs allow individual investors to buy shares in commercial real estate portfolios that receive income from a variety of properties, including apartment complexes, data centres, healthcare facilities, hotels, infrastructure (fibre cables, cell towers and energy pipelines), office buildings, retail centres, self-storage, timberland and warehouses.

In addition he said they hoped that the SEC Act and the Demutualisation Act would introducenew regulations.

“We believe the market liquidity has to improve before we bring in derivatives. This is very much on the agenda, but we will likely give priority to first introducing delivery versus payment (DVP) within the next one to twoyears.”

 

CSE expresses optimism amidst headwinds

CSE to conduct two roadshows in 1H


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

A child’s guide to MCC Compact Sri Lanka

Monday, 18 November 2019

Intelligent children, unlike some of the adults, are curious, probing and questioning. They do not jump to conclusions until and unless they are convinced of facts that have been presented to them. Asani, a student in the Advanced Level class in a le


Re-thinking voting

Saturday, 16 November 2019

We use our vote (in a democracy) to elect those who should govern us. We can only be governed as long as we are alive. Therefore, our current age and life expectancy determine how long we have left to be governed! So, should the younger population, h


Ministry of Religious Affairs and Interfaith Harmony: A nation rich in unity

Friday, 15 November 2019

This series is based on business leader Dhammika Perera’s recently revealed ‘Economic Growth Strategy and Action Plan to increase GDP Per Capita from $ 4,000 to $ 12,000’. The document outlines goals and action plans for 23 ministries and to


Securing a People’s Constitution

Friday, 15 November 2019

The need for making a People’s Constitution has become a topic of interest not only among the public but also among some candidates of the Presidential Election. Rohan Pallewatte and Mahesh Senanayake have included it in their election manifestos.


Columnists More