Sias reminds unitholders of Soilbuild Reit to take action
Add BT as a preferred sourceIN LESS than a week, unitholders of Soilbuild Business Space Reit will have to vote on a proposed privatisation offer from Blackstone Real Estate and the executive chairman of the Reit's sponsor, Soilbuild Group, Lim Chap Huat.
The offer is via a trust scheme of arrangement, which means its outcome will be determined by minorities. Mr Lim and his concert parties will abstain from voting.
Here is a brief summary of the relevant issues.
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