REIT is close to having sold 70% of non-core assets from acquisition
Chief executive said the business was already being approached about potential acquisitions
Majority gives deal the thumbs up despite chairman’s objections
But UKCM’s stock rises on potential all-share merger
Merger would create £6.3bn portfolio and a £3.9bn stock market value
The 14,800 sq ft Craven House is let to film and TV company Molinare
UK Commercial Property REIT’s largest shareholder has blocked the £2bn merger
An all-share deal would create a £2bn portfolio
Birch Sussex has taken the last 47,000 sq ft at £14.50 per sq ft
UKCM has owned the property since 2009 and completed a refurbishment in 2019
A rise of 0.9% may be slim, but it beats MSCI’s average drop of -1.2%
Latest results show REIT’s NAV has fallen nearly 22% to just over £1bn