The CT Property trust has unveiled details for its planned acquisition by FTSE 250 listed REIT LondonMetric.
Last month (24 May), the trust revealed it had reached a £198.6m agreement with LondonMetric, which would see it taken over at a 34.3% premium on its price. Today (19 June), the trust said in a stock exchange notice the acquisition would become effective on 7 August, subject to shareholder and court approval. Columbia Threadneedle and Aegon sign £500m real estate deal The trust's directors also revealed today they unanimously recommended that all shareholders vote in favour of the acquisition at the trust's general meeting on 18 July. In 2013, CTPT was formed from the merger...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
