LondonMetric and Schroder REIT complete Picton Property takeover
- Location
- London · 🇬🇧 United Kingdom / Guernsey
- Sector
- Finance / Insurance
- Organisations
- LondonMetric Property plc / Schroder Real Estate Investment Trust ↔ Picton Property Income Limited
- Transaction
- Acquisition — completed (scheme of arrangement effective)
- Volume
- around GBP 404 million (all-share)
- Status
- completed
LondonMetric Property and Schroder Real Estate Investment Trust (SREIT) had agreed on 31 July 2026 a recommended all-share offer (0.190 LondonMetric shares and 0.894 SREIT shares per Picton share, around GBP 404 million, a 7% premium) for Guernsey-based UK commercial property fund Picton Property Income. After 95.2% shareholder approval at the court and general meetings on 2 September 2026, the scheme of arrangement became effective on 10 September 2026; settlement is expected by 24 September 2026 at the latest. The July agreement had not been recorded in the tracker.
Source: investegate.co.uk ↗ · Archived copy ↗
Evidence: one source · archived copy saved · How well sourced is Eurotrack?
More from: 🇬🇧 United Kingdom · 🇬🇬 Guernsey