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ARTICLE · 15 MAY 2026

UK REITs And Private Equity Real Estate Funds: Structuring Considerations

Greenberg Traurig
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Private UK real estate investment trusts have surged in popularity since 2022 legislative changes, offering private equity real estate managers a tax-efficient vehicle for UK property investments.

United KingdomFinance and Banking
Matthew Birchall
Matthew Birchall

Since changes in law in 2022, private UK real estate investment trusts (REITs) have become more popular as a holding vehicle for private equity real estate (PERE) managers investing in UK real estate and the UK’s new qualifying asset holding company (QAHC) has gained traction for investments in non-UK real estate and debt investments.

This GT Advisory provides a brief overview of the UK REIT regime before exploring why private UK REITs have become so popular and some of the key considerations for PERE managers looking at using UK REITs.

Key Features of the UK REIT Regime

  1. Tax Exemption: A UK REIT is exempt from corporation tax on its property rental business (PRB) profits and on gains from direct and indirect disposals of properties used in its PRB; it remains subject to corporation tax (at 25%) on anything else (referred to as its “residual” profits).

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