1969 The first European REIT legislation is passed in The Netherlands. This marks the beginning of the global spread of the REIT model, with listed property trusts launching in Australia shortly after in 1971. Canadian REITs debut in 1993 but it isn't until the turn of the century that expansion takes off. REITs began to spread across Asia with the launch of Japanese REITs in 2001. REITs in Europe were buoyed by legislation in France (2003), Germany (2007) and the U.K. (2007). In total, more than 35 countries now have REIT legislation.
Read more about the global REIT market.