AIH intends to acquire APH, a dormant entity held by the Abacus Trust. The Competition Commission had recommended that the Tribunal approve this merger without conditions.

Through the merger the parties said AIH's retail property would benefit from the expertise APH brings.

At the same time, the merger will enable the Trust to succeed in consolidating its position as a holder of fully developed and trading assets on a long-term basis.

AIH is an investment firm that manages various assets and properties in the commercial, retail, industrial and residential sectors.