LONDON-Legislation to introduce REITs into the UK should be on the statute books next year. Details indicate REITs will be exempt from certain forms of tax but they will be required to return 95% of profits to investors.

LONDON-The British government advertises for interested parties to bid for a euro 2.2-billion ($2.6-billion) outsourcing contract in Northern Ireland. The sale/leaseback on the 3.8-million-sf portfolio also entails facilities management, new build and refurbishment.

LONDON-The British government advertises for interested parties to bid for a euro 2.2-billion ($2.6-billion) outsourcing contract in Northern Ireland. The sale/leaseback on the 3.8-million-sf portfolio also entails facilities management, new build and refurbishment.

MECHELEN, BE-Cofinimmo acquires a new building complex here, Mechelen Station, from Parking Exploitation et Développement NV for euro 54.7 million ($64 million).

MECHELEN, BE-Cofinimmo acquires a new building complex here, Mechelen Station, from Parking Exploitation et Développement NV for euro 54.7 million ($64 million).

LONDON-UK-based Hilton Hotel Group is putting another five hotels up for sale, this time for euro 590 million ($861 million). The news emerges as Hilton, which is in separate talks to sell its entire hotel division to Hilton Hotels Corp., also reveals its sale of 15 hotels for euro 558 million ($659 million).

LONDON-UK-based Hilton Hotel Group is putting another five hotels up for sale, this time for euro 590 million ($861 million). The news emerges as Hilton, which is in separate talks to sell its entire hotel division to Hilton Hotels Corp., also reveals its sale of 15 hotels for euro 558 million ($659 million).

LONDON-The company will buy smaller rival Westbury for euro 940 million ($1.1 billion) in a move that would create Britain's largest homebuilder and catapult it in the FTSE 100 index.