The planned merger of Prime Office REIT and OCM German Real Estate Holding has been approved at Prime Office’s annual general meeting by more than 75% of Prime Office shareholders.
The AGM voted with 79.5% in favour of the business combination agreement between Munich-based Prime Office and OCM as well as the merger agreement that was approved with a majority of 79.7%. The merger has also been approved by the German cartel office.
Prime Office and OCM are aiming to complete the transaction before the end of the year.
“We are delighted that our shareholders support our plans to merge with OCM German Real Estate Holding AG. We view this as a strong vote of confidence for our strategy to build a leading, high-earning and high dividend-paying German office real estate company together with OCM German Real Estate Holding.
“We can now take the necessary next steps in the merger process that will enable us to follow through with the transaction and as a consequence generate sustainable value for our shareholders,” said Alexander von Cramm, member of the Prime Office REIT executive board.
