Urban Logistics REIT has called for Abrdn Property Income Trust to consider adopting its takeover proposal, despite being turned down by the trust's board last week. In a stock exchange notice, Urban Logistics urged Abrdn Property's board to "call a halt" to the takeover bid from Custodian Property Income REIT and focus on the proposal from it despite not having announced a firm intention to make an offer. Last week, the Abrdn trust confirmed that it would be recommending to shareholders that they vote in favour of a merger with Custodian, as it had originally planned to before a second offer was made.

(c) 2024 City A.M., source Newspaper