Shareholders greenlight Tritax Big Box and UK Commercial Property merger

95% of votes in favour

UK Commercial Property REIT (UKCM) shareholders have overwhelmingly backed the trust’s merger with Tritax Big Box REIT (BBOX).

At a court and general meeting held on Thursday (2 May), almost 95% of shareholders voted in favour of the combination between the two trusts. The merger will create the UK's fourth largest REIT with a combined £3.9bn market capitalisation. As the combination has been approved, UKCM will stop dealing and register to transfer its shares on 15 May 2024, with the suspension effective from 16 May, the same day of the court hearing to sanction the scheme. UK Commercial Property extends Tritax Big Box deadline to formalise takeover offer If approved, UKCM will cancel its listing, while n...