Slough Estates has gained shareholder backing for its conversion to a REIT.
Shareholders at an EGM metting today unanimously passed a resolution to change Slough’s Artciles of Assocation to make way for a UK-REIT. Slough said 99.99% of proxy vots cast supported the resolution.
Slough will become a REIT with effect from 1 January 2007. It also confirmed ti had secured a secondary listing of its shares on Euronext, Paris further to its previously stated intention to elect into France's tax exempt regime for real estate companies, the Sociétés d'Investissements Immobiliers Côtées ("SIIC"), with effect from 1 January 2007.