The UK’s property industry has strongly backed government plans to attract pension funds to invest in infrastructure but it also wants a fresh look at TIF and REIT reform to bolster investment in the sector. The British Property Federation believes that the overall scale of the UK's infrastructure challenge is beyond what can be afforded by the public or private sector and that innovative solutions such as tax increment financing (TIF) need to be implemented as soon as possible. It also wants the government to examine whether Real Estate Investment Trusts (REITS) could provide a better … [Read more...]