Property investment vehicle may be wound up

Commercial investment property owner AEW UK Long Lease REIT (AEWL) has served notice on its manager and may put the company up for sale after its biggest tenant, Meridian Metal Trading, fell into administration.

The board is considering ‘all options’ from issuing shares to selling the company or winding it up.

Less than two months ago the £67m company posted higher net assets and announced an increased dividend thanks to higher income and revaluation gains.

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