The local property market has seen four years of exceptionally good growth. As the performance levels start to taper off, Property Unit Trusts (PUTs) are looking at offshore markets with a view to both diversifying their holdings and adding to returns

There has recently been a fair amount of media coverage regarding the conversion of Property Unit Trusts (PUTs) to Real Estate Investment Trusts (REITs), but perhaps the issue could use some more clarity.