Soilbuild Reit hearing adjourned to March 30 after objection from unitholder

THE court hearing on the application to sanction Soilbuild Business Space Reit's (Soilbuild Reit) trust scheme of arrangement has been adjourned to March 30, 9am.

This came after a Soilbuild Reit unitholder opposed the trust scheme sanction application on the ground that the "one-proxy rule", which allows for the appointment of only one proxy per unitholder, should not have been used for the trust scheme meeting.

The Business Times understands lawyer Florian Leber had filed an objection to the scheme.