Wellcome Trust to acquire Urban&Civic for $660m.

Wellcome Trust, a non-profit organization that offers medical and health facilities, agreed to acquire Urban&Civic, a property investment, allied services, and commercial property development company, for $660m. "The acquisition provides a persuasive outcome for all stakeholders. The proposal rests on comprehensive industrial logic. Wellcome is steeped in property experience and has a strong record of alternative asset class investment," Alan Dickinson, U&C Chairman.