Realty Income, a $30billion New York-listed real estate investment trust (REIT), is reportedly closing in on a deal to acquire the assets of Ediston Property (EPIC), a UK-based retail park investor. Shares in EPIC, which earlier this month said it was in advanced talks with a bidder, jumped nearly 10%, or 6.25p, to 70.9p, after news broke that Realty Income had beaten off rival approaches from other entities, including Abrdn, NewRiver (NRR), and Custodian Property Income Reit (CREI).

The acquisition represents a significant move for Realty Income in the UK market, as Ediston Property is known for its investments in retail parks across the country. The deal, if finalized, could further strengthen Realty Income’s presence in the international real estate landscape.