Ediston Property Investment Company, a UK-listed real estate investment trust investing in commercial property throughout the UK, has confirmed that it is in advanced discussions with RI UK 1 Limited, a wholly owned indirect subsidiary of Realty Income Corporation, regarding a possible sale of the company’s property portfolio.
”The Board reiterates that there can be no certainty at this time that a sale of the Company’s property portfolio will take place; nor as to the final terms on which, or the price at which, any such sale might be undertaken,” said the REIT in a statement.
”At this time the Board is continuing to conduct its previously announced Strategic Review within the framework of a formal sale process in accordance with the City Code on Takeovers and Mergers, and it will do so until further notice.”
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