Shareholders of British Land have voted by a landslide in favour of converting the UK property major to a tax-efficient real estate investment trust (REIT) on January 1 next year. Some 307,858,857 votes, 99.98% of the total, were cast in favour of the board's proposal, while only 67,972 votes, or 0.02%, opposed REIT conversion.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
