LONDON-Britain's largest supermarket chain, Tesco, is mulling over the possibility of putting its $20.8-billion portfolio into a REIT.

LONDON-Britain's largest supermarket chain, Tesco, is mulling over the possibility of putting its euro 17.4-billion ($20.8-billion) property portfolio into a REIT. Earlier this week the government announced it would introduce legislation that would allow REITs in 2007.

LONDON-The government announced today that new laws to introduce REITs would be included in the 2006 Finance Bill. The conversion charge has been set at 2% and borrowing thresholds have been doubled. But ministers have also cut the interest cover on capital invested in the new vehicles.

LONDON-The government announced today that new laws to introduce REITs would be included in the 2006 Finance Bill. The conversion charge has been set at 2% and borrowing thresholds have been doubled. But ministers have also cut the interest cover on capital invested in the new vehicles.

LONDON-The government announced today that new laws to introduce REITs would be included in the 2006 Finance Bill. The conversion charge has been set at 2% and borrowing thresholds have been doubled. But ministers have also cut the interest cover on capital invested in the new vehicles.

LONDON-ProLogis lets 1.1 million sf in three deals across the UK. The company accounted for nearly 25% of all distribution leasing in 2005.

LONDON-ProLogis lets 1.1 million sf in three deals across the UK. The company accounted for nearly 25% of all distribution leasing in 2005.

LONDON-Prudential, Britain's second biggest pension fund, reveals that it has rejected a euro 24-billion ($29-billion) bid from the Aviva, the country's largest insurer. A possible merger is about synergies in the insurance market, insiders say. This would have created the biggest insurer in Europe and given Aviva access to Prudential's euro 23-billion ($28-billion) global real estate portfolio.