(Sharecast News) - Balanced Commercial Property Trust updated the market on its ongoing strategic review process on Wednesday, which it launched on 15 April.
The London-listed company said the review aimed to explore various strategic options to enhance shareholder value.
Since the start of the review, the board said it had engaged in an open consultation process with a significant portion of shareholders to understand their investment priorities.
The board said it had received strong support and constructive feedback, noting a general consensus on the need for change from the current status quo.
It said it had also attracted interest from several credible third parties currently reviewing information about the company and its portfolio.
However, the board cautioned that there was no certainty that any proposals received would be attractive enough to warrant a recommendation.
The review process included consideration of other options, such as a managed wind-down, in addition to third-party interest.
Balanced CPT said it was still welcoming shareholder feedback on the strategic options.
The upcoming annual general meeting, scheduled for 20 June, would provide an additional platform for shareholder input.
At 1124 BST, shares in Balanced Commercial Property Trust were up 0.46% at 74.85p.
Reporting by Josh White for Sharecast.com.
Balanced Commercial Property Trust (BCPT)