Wareware REIT Tritax Big Box (BBOX) is in talks for an agreement to take over U.K. Commercial Property REIT (UKCM) in an all-share offer, valued at £924 million (€1.08 billion/$1.17 billion), creating the United Kingdom’s fourth-largest REIT with a combined £3.9 billion (€4.57 billion/$4.92 billion) market capitalization, according to media outlets.
In an announcement from UKCM, Peter Pereira Gray, chair of the board, said, “The board of UKCM notes the recent media speculation and confirms that it is in receipt of an indicative proposal from Tritax Big Box REIT in relation to a possible all-share offer for the company on an EPRA NTA for EPRA NTA basis at a common valuation date. The indicative proposal is the latest of a series of indicative proposals received from BBOX.”
The
