In July 2010 global listed property stocks regained lost ground after returning 7.2 per cent as measured by the GPR 250 Index.

The returns for continental subset indices were all positive, ranging from 9.6 per cent for the Americas to 1.1 per cent for Oceania, according to Global Property Research.

At country level, Greece was by far the best performer whereas China and The Philippines were the only negative performers.

Unibail-Rodamco SE proposed to return capital to its shareholders for an amount corresponding to EUR 1.8bn broadly in line with the disposal proceeds achieved since the merger of Unibail with Rodamco Europe.

Fitch Ratings said that Reits have continued to have access to credit following the start of the financial crisis almost two years ago, although at generally more onerous terms. The ratings firm analysed credit renewals by Reits since January 2009 and concluded that Reits had generally been able to renew maturing, unsecured lines of credit throughout the downturn. The ratings firm said the sector's continued access to unsecured credit is due to the companies’ strong relationships with lenders and generally solid credit quality.

Ortigas, one of the oldest property developers in The Philippines, wants to join the bandwagon of firms planning to raise funds through Reits. A number of property firms have unveiled plans to establish Reits.

SM Prime Holdings picked advisers for its planned offer of up to a USD500m Reit, planned within the year. Ayala Land appointed advisers and global coordinators for its listing of a USD300m Reit scheduled to be completed this year. Another company that signalled its interest in holding an early Reit offer is Robinsons Land while Megaworld, retail chain Puregold Price Club and community mall developer and operator Walter Mart said that they might hold a Reit offer next year.