Announced
Financials
Tags
real estate investment trust
Merger
Acquisition
Majority
Public
Guernsey
commercial properties
commercial REIT
Commercial REITs
Cross Border
Pending
Friendly
Single Bidder
Synopsis
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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