Brooks Macdonald snaps-up financial planner LIFT
LIFT is headquartered in Greater Manchester, with offices in London and Edinburgh
LIFT is headquartered in Greater Manchester, with offices in London and Edinburgh
Deal is expected to complete in the first half of 2025
The investment trust sector is increasingly willing to take difficult choices to deliver shareholder value
Smaller companies finding it increasingly harder to compete
The enlarged Custodian Property Reit will manage £1bn assets
AERI board exploring a range of initiatives to address ‘issues facing the sector’
A wind down is one option on the table
Trust’s board was in talks with UK Commercial Property Reit over a potential combination
Troy Income & Growth will merge into the STS Global Income & Growth, subject to shareholder approval
Deal will create a trust with more than £700m in assets
Adding £600m of assets under management
The £11.05 per share offer values Gresham House at £469.8m