UK Commercial Property Trust

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.[1] The chairman is Andrew Wilson. It invests in shopping centres, shops, office buildings and industrial estates and warehousing/distribution centres.

UK Commercial Property Trust
TypePublic
IndustryFinancial services
Founded2006 (2006)
Headquarters
London
,
United Kingdom
Key people
Andrew Wilson (Chairman)
ProductsInvestment trust
Websitewww.ignisasset.com/PropertyTrust/Home

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%.[2]

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.[3]

References
  1. "FTSE 250 Index Factsheet". FTSE Russell. Retrieved 22 August 2022.
  2. UK commercial property trust acquires phoenix portfolio for £503m Property Magazine, 16 February 2007
  3. Knife edge vote ends merger to create UK property giant The Telegraph, 10 August 2010


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