Bid to shake up Canada's biggest industrial landlord gets a boost
Toronto
FRONTFOUR Capital Group's efforts to shake up Granite Real Estate Investment Trust, Canada's largest industrial landlord, received a boost on Friday as a prominent shareholder-advisory firm recommended the activist investor's slate of directors, saying the dissidents "have made a reasonably compelling case" for change.
Institutional Shareholder Services (ISS) recommended shareholders vote for the three nominees put forth by FrontFour and its partner, Vancouver-based Sandpiper Group,…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Country Garden delays earnings report, Vanke net tumbles as woes deepen
UK landlords bet on green offices as hybrid work makes tenants picky
How Country Garden plays into China’s property mess
Older US office buildings left ‘stranded’, Morgan Stanley says
Chinese property developers’ 2023 results hit by sector downturn
US pending home sales bounce back after slump in January