Tritax Big Box Acquires UK Commercial Property: £924M Deal

Tritax Big Box to Acquire UK Commercial Property in £924 Million Deal

British commercial-property investor Tritax Big Box has announced its plans to acquire UK Commercial Property REIT in an all-share offer. The deal, valued at approximately £924 million ($1.17 billion), will result in UK Commercial Property investors receiving 0.444 new ordinary Tritax shares for each UKCM share held. This agreement would see the stakeholders of UKCM owning around 23.3% of the merged company.