UKCPT shareholders agree REIT conversion

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UK Commercial Property Trust (UKCPT) has confirmed plans to convert to a REIT from July after receiving shareholder approval for the move.

UKCPT, which is advised by Standard Life Investments, is one of the UK’s largest property trusts focused on assets generating sustainable income returns and now has a 35% weighting towards industrial. Since being launched in September 2006, UKCPT has delivered a higher NAV total return of 83.5% than the peer group weighted average return of 75.7%.

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