BMO Commercial Property Trust (BCPT) has reported a 37.8 percent share price total return for the year to 31 December 2021.

The fund has increased its weighting to the industrial and logistics sector from 19 percent to 30 percent. This was alongside almost £200 million of property disposals, and a further £66 million of property acquisitions.

Commenting on the results, chairman of BCPT Paul Marcuse said: “The Company has made good progress with its strategy to re-balance the portfolio and has addressed being significantly underweight to industrials. That said, there is still more to do and further recycling of capital will be a theme of the next twelve to eighteen months.”

BCPT is shortly to rebrand its name to Balanced Commercial Property Trust.