UK commercial property- the change begins
UK commercial property has been an unforgiving place to invest in recent years, however might things be starting to change?
UKCM is aware of speculation and confirms that it is in discussions with Picton Property Income Limited ("Picton") in relation to a possible all-share merger on an EPRA NTA for EPRA NTA basis. There can be no certainty either that an offer will be made nor as to the terms of any such offer. A further announcement will be made in due course.
UK Commercial Property REIT Limited (UKCM) is a listed Real Estate Investment Trust (REIT) with a net asset value of £1.27 billion as at 30 September 2023. UKCM is one of the largest diversified REITs in the UK and is a component of the FTSE 250 index made up of the largest 250 companies with a primary listing on the London Stock Exchange.
The objective of the Company is to provide ordinary shareholders with an attractive level of income together with the potential for capital and income growth from investing in a diversified portfolio of UK commercial properties.
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested.