Substantial changes expected in property trust sector

The global financial markets have undergone historic changes. These changes, particularly the substantial markdowns of listed property trusts' unit values, may result in a significant shift away from the use of listed towards unlisted property trusts (both wholesale and retail) and other forms of co-investment in property, including joint ventures.

In this Update we highlight some of the legal changes that have occurred over the last few months (or are currently proposed) which are of relevance to property funds and parties involved in other forms of co-investment in property as well as to their financiers.