Abrdn Property Income Trust agrees merger with Custodian Property Income Reit
The enlarged Custodian Property Reit will manage £1bn assets
The enlarged Custodian Property Reit will manage £1bn assets
AERI board exploring a range of initiatives to address ‘issues facing the sector’
A wind down is one option on the table
Trust’s board was in talks with UK Commercial Property Reit over a potential combination
Troy Income & Growth will merge into the STS Global Income & Growth, subject to shareholder approval
Deal will create a trust with more than £700m in assets
Adding £600m of assets under management
The £11.05 per share offer values Gresham House at £469.8m
Shareholders will vote on the plan in January 2024
The plan was for GABI to be wound up and its assets transferred to GCP Infra
Liontrust’s protracted attempt to acquire GAM came to an unsuccessful conclusion last week
Rock suggested the asset manager issue a £22m convertible bond