Investment Manager review - March 2023
Will Fulton, Manager, discusses the portfolio performance and the portfolio strategy for the year ahead.
26 May 2023: UK Commercial Property REIT Limited (“UKCM” or the “Company”) (FTSE 250, LSE: UKCM), announces that it has sold its 186,455 sq ft Wembley180 logistics asset in London to Covent Garden IP Limited (“CG”), a registered charitable company. UKCM will receive a consideration of £74 million, which reflects a net initial yield of 3.49% and is broadly in line with the 31 March 2023 valuation.
UK Commercial Property REIT Limited (UKCM) is a listed Real Estate Investment Trust (REIT) with a net asset value of £1.32 billion as at 31 March 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.
*This is third-party research. You will leave abrdn UK Commercial Property REIT’s website and enter Kepler’s to view.