(Alliance News) - Tritax Big Box REIT PLC on Friday reported increased rental income from development activity in the three months ended March 31, ahead of its merger with UK Commerical Property REIT Ltd. Read More
(Alliance News) - Stocks in London are called to open lower, as investors wait for an inflation reading from the eurozone later this morning. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - UK Commercial Property REIT Ltd on Friday said that returns fell behind its benchmarks in 2023, though it reported narrowed losses on investment properties and cautiously celebrated improvements in the property market. Read More
(Alliance News) - Tritax Big Box REIT PLC on Thursday said it agreed to all terms to merge with UK Commercial Property REIT Ltd, in a deal first announced back in February. Read More
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. Read More
(Alliance News) - UK Commercial Property REIT Ltd on Friday said that it has sold its Temple Quay office building to Tri7 Ltd, a real estate investment and asset management firm, for GBP14.5 million. Read More
(Alliance News) - Stock prices in London closed higher on Monday, ahead of some key inflation data from the US, as well as a slew of UK economic data. Read More
(Alliance News) - London's FTSE 100 underwhelmed on Monday, with some of its largest constituents pulling it lower, while indices in Europe were on the up on favourable comments on interest rate cuts by a European Central Bank official. Read More
(Alliance News) - London's FTSE 100 opened in a muted fashion on Monday, failing to replicate the more convincing gains seen on Wall Street on Friday and elsewhere in Europe at the start of the new week, ahead of a busy few days of corporate earnings and economic data. Read More
(Alliance News) - Tritax Big Box REIT PLC on Monday said UK Commercial Property REIT Ltd has agreed to an all-share takeover offer to create the UK's fourth largest real estate investment trust by market capitalisation, at nearly GBP4 billion. Read More
(Alliance News) - Equities in London are called to open higher on Monday, with inflation readings from the US and UK on the horizon, which could drive equity market sentiment during the remainder of the week. Read More
(Alliance News) - Raw Charging Group Ltd on Thursday said that it launches an ultra rapid charging hub at two sites for UK Commercial Property REIT Ltd. Read More
Picton Property Income Ltd - UK commercial property-focused real estate investment trust - Still vouches for merger with UK Commercial Property REIT, despite the latter's largest shareholder not supporting a merger which lead to discussions between the two companies being terminated in November. UK Commercial's largest shareholder Phoenix Life Ltd has a holding of about 43% in UK Commercial Property. Phoenix does not support the deal "on the terms proposed", both companies said last month. Picton Property says on Tuesday it "continues to believe that there are strategic and financial benefits to combining complementary businesses to enhance scale, diversification and efficiency within an internal management structure. Picton will continue to be proactive in pursuing opportunities that would add value for shareholders and build on the company's long-term track record of outperformance against the MSCI UK Quarterly Property Index since its launch in 2005. FTSE 250-listed UK Commercial Property is managed by abrdn PLC. Read More