Goodman Property Trust investors to vote on management contract changes

Tue, 05 Aug 2014

By Suze Metherell Aug. 5 (BusinessDesk) - Unitholders of Goodman Property Trust, the largest listed property investor by market value, will vote on restructuring how the trust pays its manager, Goodman (NZ), at today's annual general meeting in Auckland. Under the proposed change the trust would receive a fee rebate equivalent to what it pays the manager on the development land portfolio, in return, the trust will issue the balance of the manager's fee as new units, it said in a statement. The new structure would start from April this yea...

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