X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Independent shareholders have blocked the merger between the U.K. Commercial Property Trust and F&C Commercial Property Trust. This merger would have created a property group worth GBP1.6 billion. For the general meeting that was held on Monday, about 70% of the shareholders turned up.

The merger proposal was turned down by 50.07% to 49.93%. Had this merger been approved by investors and board members of both the firms, it would have become the sixth-biggest listed property company in the UK. For the full story, go to The New York Times.


GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.