REIT, not petite: creating a £6.3bn real estate heavyweight on the edge of the FTSE 100

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

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