Merger activity in the property sector heats up with bid battle for API
At Shares, we have been flagging the potential for M&A in the investment trust space for months, not least in the REIT (real estate investment trust) sector due to the abundance of companies trading well below their net asset values.In the last month alone, three real estate mergers have been announced ? between LondonMetric (LMP) and LXI (LXI), Tritax Big Box (BBOX) and UK Commercial Property (UK