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New Deal


Announced

Tritax Big Box REIT to acquire UK Commercial Property REIT for £924m.

Financials

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Transaction Value£924m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium10.8%
One Off Charge-

Tags

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real estate investment trust

Merger

Acquisition

Majority

Public

Guernsey

commercial properties

commercial REIT

Commercial REITs

Cross Border

Pending

Friendly

Single Bidder

Synopsis

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Tritax Big Box REIT, a real estate investment trust, is set to acquire UK Commercial Property REIT, a large British investment trust dedicated to investments in UK commercial properties, for £924m ($1.2bn). The Boards of BBOX and UKCM believe that the offer has compelling strategic and financial rationale, building on BBOX's existing strategy.

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