MADRID, Jan 22 (Reuters) - A draft law introducing real estate investment trusts (REITs) in Spain is so complex and restrictive they would be of little use to property companies, Metrovacesa's (MVC.MC) legal chief warned on Thursday.
Manuel Liedo told a property conference in Madrid that the bill, which is going through parliament, needed to shed a series of provisions including limits on companies that are more heavily weighted to property sales rather than rental.
