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UK Commercial Property REIT Terminates £2 Billion Merger Talks With Picton

Decision Comes After Largest Shareholder Phoenix Life Says It Will Not Support Tie-Up
<b>One of Picton's properties, Parkbury Industrial Estate, Radlett. (CoStar)</b>
One of Picton's properties, Parkbury Industrial Estate, Radlett. (CoStar)
CoStar News
November 21, 2023 | 9:19 AM

UK Commercial Property REIT (UCKM) and Picton have terminated merger talks after UKCM's largest shareholder said it did not support the tie-up on the terms proposed.

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News | UK Commercial Property REIT Terminates £2 Billion Merger Talks With Picton