Property trusts in £1.6bn merger
9th Jun 2010 07:55
UK Commercial Property Trust and F&C Commercial Property, two of the UK's largest commercial property investment trusts, are merging to form the sixth largest UK listed property company. The new company will have a market capitalisation of approximately £1.6bn, with the merger expected to enhance t
Read moreU.K. Commercial Property Trusts Agree Merger Terms
9th Jun 2010 07:33
LONDON (Dow Jones)--Two U.K. commercial property trusts Wednesday said they agreed to merge in a deal that will create a property company with a portfolio worth GBP1.6 billion. F&C Commercial Property Trust Ltd. (FCPT.LN) and UK Commercial Property Trust Ltd. (UKCM.LN) said the enlarged trust wi
Read moreF&C Commercial Prop expects muted occupier demand
19th May 2010 18:15
Property investor F&C Commercial Property Trustdelivered total returns of 6.0% in the first quarter of 2010, "a strong out-turn but lower than the record 10% seen in the previous quarter," the company said. Net asset value per share, calculated under International Financial Reporting Standards (IFR
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