Investment firm Max Property Group (MAX.L) is in negotiations to acquire a GBP 270 million portfolio of industrial properties, the FT.com reported Thursday.
The company, which had the largest initial public offering in the UK this year after raising GBP 220 million, is attempting to acquire the 10m sq ft industrious portfolio of properties out of receivership, the report said.
The FT.com also said that difficulties over the timing of the deal have led to setbacks this week, although the talks are continuing in a bid to find a resolution.
The industrious portfolio comprises 120 properties. It was valued at more than GBP 530 million when it was put into receivership last year. However, the portfolio's value has subsequently fallen sharply. The debt behind the properties was reportedly securitised by Royal Bank of Scotland (RBS,RBS.L).
As per the report, Max Property was set up by two property investors to make opportunistic purchases. If completed, an industrious deal would be a solution for billions of distressed securitised debt. Many such loans are heading for default owing to breaches of loan-to-value covenants, the report added.
MAX.L is trading at 120.47 pence on the LSE, up 0.97 pence, on a volume of 875 shares.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.