LONDON: Tritax Big Box REIT (BBOX) and UK Commercial Property REIT Limited (UKCM) have announced a definitive all-share merger agreement. Under the terms of the deal, BBOX will acquire all the issued and to be issued ordinary share capital of UKCM. Shareholders of UKCM are set to receive 0.444 new BBOX shares for each UKCM…
LONDON: UK Commercial Property REIT Limited, which is managed and advised by Aberdeen Standard Investments, has sold its Kew Retail Park asset in London to a leading UK housebuilder. UKCM will receive a consideration of £41 million for the asset, marginally below the 31 December 2020 book value. Of the complete 10 acre Retail Park,…
UK Commercial Property REIT is a FTSE 250 Real Estate Investment Trust listed on the London Stock Exchange. It aims to provide shareholders with an attractive level of income together with the potential for capital and income growth from investing in and managing a £1.21 billion (as at 31 December 2020) diversified portfolio. The portfolio has…