Shareholders greenlight Tritax Big Box and UK Commercial Property merger

95% of votes in favour

Cristian Angeloni
clock • 1 min read

UK Commercial Property REIT (UKCM) shareholders have overwhelmingly backed the trust’s merger with Tritax Big Box REIT (BBOX).

At a court and general meeting held on Thursday (2 May), almost 95% of shareholders voted in favour of the combination between the two trusts. The merger will create the UK's fourth largest REIT with a combined £3.9bn market capitalisation. As the combination has been approved, UKCM will stop dealing and register to transfer its shares on 15 May 2024, with the suspension effective from 16 May, the same day of the court hearing to sanction the scheme. UK Commercial Property extends Tritax Big Box deadline to formalise takeover offer If approved, UKCM will cancel its listing, while n...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week