Activist investor moves to block Local Shopping REIT proposal

Local shopping REIT

An activist investor has voted against Local Shopping REIT’s proposal to wind up the company.

Shareholders in the high-street retail REIT voted today on plans for a voluntary liquidation of the company, which has been gradually selling its last remaining assets.

Thalassa Investments, which holds a 25.5% stake in the company, argued that it had not been properly consulted and that Local Shopping REIT should have published its annual results, which are also out today, ahead of the vote.

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