The booming global property investment market has made Real Estate Investment Trusts (REITs) one of the fastest expanding areas of stock markets since 2000, particularly in the United States, but also in Japan and France where they were launched in 2001 and 2003 respectively.

In July 2005 the States of Jersey approved the Companies (Jersey) Law (Amendment No.8). The legislation changed in February 2006. A key purpose of the Amendment is to introduce cell companies into Jersey law.