U.K. Commercial Property REIT in all-share merger talks with Picton Property

U.K. Commercial Property REIT has confirmed discussions with Picton Property Income in relation to a possible all-share merger.

If the talks are successful, the merged company would have assets of approximately £2 billion (€2.3 billion/$2.5 billion), with UKCM’s portfolio valued at £1.27 billion (€1.46 billion/$1.56 billion) at the end of September and Picton’s portfolio worth £761 million (€875 million/$936 million) at the end of June.