Clause 38 — Real estate investment trusts: UK REITs which invest in other UK REITs

Part of Oral Answers to Questions — Justice – in the House of Commons at 5:30 pm on 2 July 2013.

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Photo of Cathy Jamieson Cathy Jamieson Shadow Minister (Treasury) 5:30, 2 July 2013

My hon. Friend makes another very good point. I know of areas where elderly people would welcome such an opportunity. Indeed, I know of some elderly people who have been persuaded, because they felt it was the right thing to do, to move into good-quality housing where everything is on the flat and they have a small garden, a common area and locally provided services. It is also important that such housing is environmentally friendly and has affordable heating and rent.