Shares in the Balanced Commercial Property Trust (BCPT) surged over 10% today after the trust accepted an all-cash offer from real estate firm Starwood Capital. The deal values the FTSE 250-listed trust at approximately £673.5 million.

According to the terms of the agreement, BCPT shareholders will receive 96p per share, which reflects a 21.5% premium on the trust’s 12 April closing price of 79p per share. The offer, made by Starlight Bidco on behalf of Starwood Capital, is based on a cash valuation of each share. Despite this, it remains at an 8.7% discount compared to the net asset value per share of 105.1p reported by BCPT as of 30 June.

BCPT’s Board initiated a strategic review back in April, which examined all potential options for the trust, including a possible sale or merger. The review ultimately led to the agreement with Starwood.

BCPT’s chairperson commented: “After carefully considering all potential alternatives, we believe this offer provides our shareholders with an immediate and attractive cash value.” The chairperson also highlighted that the offer reflects a clear outcome following the comprehensive strategic review.

This acquisition is one of many topics set to be explored at the UKREiiF event, which connects property professionals across the UK to discuss major developments in the real estate sector. Attendees from England, Scotland, Wales, and beyond will have the opportunity to engage with leading industry figures.

If you’re interested in property networking events, UKREiiF offers a great chance to connect with key players across the UK property market. To register your place at the UK’s biggest real estate and property festival, visit https://www.ukreiif.com/ukreiif-2025/