UK Commercial Property Trust
 | |
| Type | Public |
|---|---|
| |
| Industry | Financial services |
| Founded | 2006 |
| Headquarters | London , United Kingdom |
Key people | Andrew Wilson (Chairman) |
| Products | Investment trust |
| Website | www |
UK Commercial Property Trust is a large British investment trust dedicated to investments in UK commercial properties. Established in 2006, the company is a constituent of the FTSE 250 Index. The chairman is Andrew Wilson. It invests in shopping centres, shops, office buildings and industrial estates and warehousing/distribution centres.
History[]
UKCPT was established in 2006 in Guernsey, prior to the introduction of REIT legislation in 2007, which made on-shore property investment companies more tax-efficient. It acquired its initial portfolio of properties from Phoenix & London Assurance/Phoenix Life & Pensions Limited in 2007 for £503.6m; the portfolio was then yielding under 5%.[1]
Having launched near the top of the market, following the market downturn in 2007–2008, a merger with F&C Commercial Property Trust, a fellow FTSE 250 property company was proposed in 2010. This was narrowly rejected by 50.07% of shareholders.[2]
References[]
- ^ UK commercial property trust acquires phoenix portfolio for £503m Property Magazine, 16 February 2007
- ^ Knife edge vote ends merger to create UK property giant The Telegraph, 10 August 2010
External links[]
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- Investment trusts of the United Kingdom
- British companies established in 2006
- Real estate companies established in 2006
- Financial services companies established in 2006
- Companies listed on the London Stock Exchange
- United Kingdom financial services company stubs