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Balanced Commercial Property Trust commences strategic review due to 'material' discount
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According to a regulatory filing, the review is set to consider all strategic options available, including a sale, but it was noted the trust is not in discussions with any potential offeror. With a continuation vote required by the trust's articles of incorporation this year, the outcome of the strategic review will be revealed in Q3, with the vote to follow shortly after. The £1.1bn trust said the review follows the shares continuing to trade at a material discount to net asset value, which does not «reflect the value of the underlying property asset, nor the longer-term prospects ...
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