UK Commercial Property REIT confirms merger 'discussions'

Picton Property Income

Cristian Angeloni
clock • 1 min read

UK Commercial Property REIT has revealed it is in “discussions” with Picton Property Income over a potential all-share merger.

In a regulatory filing today (8 November), the trust addressed speculation regarding the potential merger, but warned that "there can be no certainty either that an offer will be made, nor as to the terms of any such offer". abrdn's UK Commercial Property REIT chair retires A further announcement on the matter will be in due course, it added. The basis for the potential all-share merger - EPRA NTA for EPRA NTA - relates to all properties at their market value, but excludes the mark to market of financial instruments, deferred tax and intangible assets, in a bid to provide a consist...

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