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IN BRIEF: UK Commercial Property and Tritax extend takeover deadline

Fri, 08th Mar 2024 15:18

UK Commercial Property REIT Ltd - London-based investment trust focused on investment in UK commercial properties - Says an extension has been agreed on the offer period for its acquisition by Tritax Big Box REIT PLC, an investment trust focused on UK distribution centres. In the original February agreement, Tritax was required to make an offer for the company by 1700 GMT on Friday. This deadline has now been extended to March 22. However, UK Commercial Property notes that there is no guarantee an offer will be made.

Current UK Commercial Property stock price: 65.00 pence per share, up 1.6% in London on Friday afternoon

12-month change: up 19%

Current Tritax Big Box REIT stock price: 150.10 pence per share, up 1.8%

12-month change: up 5.0%

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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8 Oct 2018 07:10

UK Commercial Property sells Soho building for £73m

(Sharecast News) - UK Commercial Property REIT said it has completed the off-market sale of 15 Great Marlborough Street, an office asset in London's Soho, to Royal London Asset Management for £73.2m.

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20 Sep 2018 11:41

UK Commercial Property REIT Net Asset Value Rises Despite Uncertainty

LONDON (Alliance News) - Property investor UK Commercial Property REIT Ltd said on Thursday it saw robust returns in the first half of 2018 in spite of continued political and economic uncertainty

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20 Sep 2018 07:59

UK Commercial Property REIT puts in solid first half

(Sharecast News) - UK Commercial Property REIT announced its interim results for the half-year ended 30 June on Thursday, reporting a net asset value total return of 3.9%, which it said was driven by capital value growth and achieved with a limited gearing of 11.9%.

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19 Sep 2018 09:01

UK Commercial Property REIT Buys Industrial Estate For GBP24.6 Million

LONDON (Alliance News) - UK Commercial Property REIT Ltd said Wednesday it bought an industrial estate in Scotland from Grayling Capital for a headline price of GBP24.6 million.The real the

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19 Sep 2018 07:24

UK Commercial Property REIT buys M8 Industrial Estate for £24.6m

(Sharecast News) - UK Commercial Property REIT announced the acquisition of M8 Industrial Estate near Glasgow from Grayling Capital on Wednesday, for a headline price of £24.6m, based on a topped-up net initial yield of 5.9%.

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6 Aug 2018 16:59

DIRECTOR DEALINGS: Two UK Commercial Property REIT Non-Executives Buy

LONDON (Alliance News) - UK Commercial Property REIT Ltd said two non-executive directors acquired shares in the company in separate transactions on Monday.Andrew Wilson bought 25,000 at a

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26 Jul 2018 16:35

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 27 July DX (Group) Trading Statement Reckitt BenckiserHalf Year Fund 30

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5 Jul 2018 09:08

UK Commercial Property Sells Bristol Asset, Buys Building In Reading

LONDON (Alliance News) - UK Commercial Property REIT Ltd on Thursday said it bought a multi-let office asset White Building in Reading, England, following the disposal of Bristol office.The

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13 Jun 2018 16:10

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 14 JuneFuture (re capital reduction)WM Morrison SupermarketsChristie 15 Sports Fashion (re of

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24 May 2018 16:10

UK Dividends Calendar - Next 7 Days

Friday 25 May NewRiver REIT dividend payment dateClarke (T)dividend payment Trust UK

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27 Apr 2018 08:15

UK Commercial Property Trust Beats Benchmark, Advances REIT Conversion

LONDON (Alliance News) - FTSE 250-listed UK Commercial Property Trust Ltd said on Friday it outperformed its benchmark index for 2017 as it gained support from its largest shareholder for the to a

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13 Feb 2017 11:19

Ex-divs to take 27.6 points off FTSE 100 on Feb.16

LONDON, Feb 13 (Reuters) - The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-mak

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10 Feb 2017 08:05

UK Comm Prop buys warehouse development for £22m

(ShareCast News) - UK Commercial Property Trust has bought a distribution warehouse development in Burton upon Trent for about £22.2m, as part of the company's strategy to focus on assets that deliver higher and sustainable income. The £22.2m reflects a yield on capital of 5.8% and will be funded fr

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27 Jan 2017 07:41

UK Commercial Property Trust completes sale of Soho office

(ShareCast News) - Guernsey-based UK Commercial Property Trust has completed the off-market sale of office asset 13 Great Marlborough Street, in London W1, for £30.5m, reflecting a 3.3% net initial yield. The property is single let to Sony Interactive Entertainment, the research and development arm

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27 Jan 2017 07:27

UK Commercial Property Sells Soho Office Asset For GBP30.5 Million

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