UK Commercial Property Trust
UK Commercial Property Trust (LSE: UKCM) 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 Christopher Hill. It invests in shopping centres, shops, office buildings and industrial estates and warehousing/distribution centres.
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.
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.
- 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