UK Commercial Property (UKCM) shareholders ignored their abstaining chair and voted in favour of the merger with Tritax Big Box (BBOX), an Abrdn tie-up that will create the fourth-largest real estate investment trust.
Results from the general meeting last week showed 95% of voting shareholders, making up 77% of the register, approved the merger with the Tritax fund that specialises in large warehouses, while only 4.3% of the register were against it.
Shareholders also passed a special resolution to allow UKCM directors to ‘take all such actions as they may consider necessary, desirable, or appropriate for carrying the scheme into…
