ABSTRACT
This chapter analyses real estate investment trusts (REITs) in the Oceania region, using case studies from Australia, South Africa and India. Australian REITs (A-REITs) are the largest REIT market in Oceania and one of the longest established and largest REIT markets in the world, making a significant contribution to the global REIT market. While the South African REIT (SA-REIT) market structure was only formally introduced in 2013, it has increased noticeably and the Indian REIT market is now finally emerging. The chapter also considers several key features of A-REITs, including organizational structure, income and activity, distribution rules, gearing and management style. In general, the SA-REIT regulations echo the globally used REIT structure. Indian REITs (I-REITs) should be established in a trust form. I-REITs must raise funds through the sale of units to the public and are not allowed to invest in mortgages.
