News

Activist investor moves to block Local Shopping REIT proposal

By 2018-12-10T13:55:00

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.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue