CT Property trust unveils timeline for planned acquisition

7 August

Elliot Gulliver-Needham
clock • 2 min read

The CT Property trust has unveiled details for its planned acquisition by FTSE 250 listed REIT LondonMetric.

Last month (24 May), the trust revealed it had reached a £198.6m agreement with LondonMetric, which would see it taken over at a 34.3% premium on its price. Today (19 June), the trust said in a stock exchange notice the acquisition would become effective on 7 August, subject to shareholder and court approval. Columbia Threadneedle and Aegon sign £500m real estate deal The trust's directors also revealed today they unanimously recommended that all shareholders vote in favour of the acquisition at the trust's general meeting on 18 July. In 2013, CTPT was formed from the merger...

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