10/04/2024
We're delighted to have helped with the recommended all-share combination of Tritax Big Box REIT and the Abrdn-managed UK Commercial Property REIT via a Scheme of Arrangement.
The deal will create the fourth largest UK Real Estate Investment Trust, based on market capitalisation, at £3.9bn and with a property portfolio worth £6.3bn. Its size would leave it on the edge of entering the FTSE 100. The combined group’s portfolio will have assets generating an annual rental income of over £290m for investors.
The Boards of both companies said the merged company would "enhance the overall customer offering through a high-quality logistics portfolio across a broader range of property sizes and tenant uses, from 'mega-Boxes' to smaller, strategically located, logistics assets within key urban locations".
To find out how we can help your most prestigious mergers succeed, chat with us today: hello@blackandcallow.com
