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Two British real estate trusts merge

Posted on 10 June 2010

From Reuters: UK Commercial Property Trust is taking over F&C Commercial Property Trust to create Britain’s sixth-largest listed property company, worth about 1.6 billion pounds ($2.5 billion).
UKCPT’s move follows the sale in April of a 16.5 percent stake in FCPT to the Phoenix Group, the parent company of UKCPT manager Ignis Asset Management Limited, from key FCTP shareholder Friends Provident………………………………………..Full Article: Source

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