Schroders Reveals 7.44% Stake in Schroder REIT and 2.19% in LondonMetric Property Amid Consortium Takeover Bid
Schroders plc has submitted a Form 8 (DD) public dealing disclosure under the UK Takeover Code, detailing its holdings in Schroder Real Estate Investment Trust Limited and LondonMetric Property plc following transactions on 18 August 2026. Published on 19 August 2026, the filing confirms Schroders is acting in concert with Schroder Real Estate Investment Trust Limited as part of a consortium offer involving LondonMetric Property. The disclosure also names Picton Property Income Ltd as another participant in the offer, highlighting the extensive nature of this ongoing corporate transaction. Investors in all three property firms are likely monitoring these developments closely.
Key Points
- Schroders plc (SDR) filed a Form 8 (DD) dealing disclosure on 19 August 2026
- On 18 August 2026, Schroders acquired 450,435 LondonMetric Property 10p ordinary shares at A31.893 each
- Post-transaction, Schroders holds 36,391,220 shares (7.44%) in Schroder REIT and 51,460,737 shares (2.189%) in LondonMetric Property
- Investors should monitor forthcoming Rule 8 disclosures and formal offer documents related to the LondonMetric and Schroder REIT consortium
Schroders Collaborates with Schroder REIT in LondonMetric Consortium Takeover Bid
The Form 8 (DD) disclosure identifies Schroders plc as acting in concert with Schroder Real Estate Investment Trust Limited concerning a consortium involving LondonMetric Property plc and Schroder REIT. Under Rule 8 of the UK Takeover Code, parties to an offer and those acting in concert must publicly disclose dealings in relevant securities. The filing also mentions Picton Property Income Ltd as an additional party to the offer, indicating that this transaction spans multiple listed UK real estate investment trusts within the commercial property sector.
Schroders Acquires 450,435 LondonMetric Shares at A31.893 Each on 18 August 2026
The announcement details Schroders’ purchase of 450,435 ordinary shares in LondonMetric Property plc, each with a 10 pence nominal value, at A31.893 per share on 18 August 2026. Following this acquisition, Schroders’ total stake in LondonMetric Property amounts to 51,460,737 shares, representing 2.189% of the company’s relevant securities. The disclosure confirms Schroders holds no cash-settled or stock-settled derivative positions in LondonMetric, nor has it entered into any indemnity arrangements or agreements related to options or derivatives in connection with this offer.
Schroders Holds 7.44% Stake in Schroder Real Estate Investment Trust After Recent Transactions
Separately, the disclosure confirms Schroders’ holding in Schroder Real Estate Investment Trust Limited stands at 36,391,220 ordinary shares of no par value, equating to 7.44% of the company’s relevant securities. No short positions, derivative transactions, or additional forms regarding open positions or securities borrowing and lending have been reported for either holding. The disclosure was submitted by Anil Kapur on behalf of Schroders to a Regulatory Information Service in compliance with UK Takeover Panel regulations.
UK Takeover Code Mandates Transparency in Property Sector Consortium Bid
The Form 8 (DD) filing is a compulsory regulatory requirement under Rules 8.1, 8.2, and 8.4 of the UK Takeover Code, which governs all public takeover activities in the UK. These disclosures promote transparency around dealings in relevant securities during an offer period, allowing market participants to monitor position accumulations by connected parties. The participation of three listed UK property companies—LondonMetric Property, Schroder Real Estate Investment Trust, and Picton Property Income—underscores the importance of this consolidation effort within the UK commercial real estate investment trust sector.
