News and Announcements

API offloads majority of portfolio to GoldenTree in £351m deal

By Abigail Townsend

Date: Friday 27 Sep 2024

(Sharecast News) - Abrdn Property Income Trust is to sell the vast majority of its portfolio to Travelodge's US owner GoldenTree Asset Management, it was confirmed on Friday.
The asset manager has agreed to buy the London-listed trust's wholly-owned subsidiary, Abrdn Property Holdings, in a £351m deal.

Under the terms,...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page