Some commercial landlords will be allowed pay dividends in shares rather than cash following this week's Budget announcement.
Britain's biggest commercial landlords will be given the option to pay dividends in shares rather than cash, in a move which is likely to benefit the property industry.
Real estate investment trusts (Reits) like British Land and Land Securities will be able to save cash as a result of the move, which was announced in Wednesday's (March 24th) Budget and is likely to be enshrined in the next financial bill.
Liz Peace, chief executive of the British Property Federation (BPF), said refinancing by the Reits has shown confidence in the commercial
property investment sector.
"Allowing Reits to have greater flexibility over how they manage their cash will benefit our economy as we begin to see improvements in occupier demand," she said.
The BPF also welcomed the decision not to increase stamp duty by five per cent in the commercial sector, which came as good news to those seeking
commercial mortgages.
Latest News 
