Votes in favour of deal accounted for 72.2%
The company collected only 27.6% of rent payments due for the March quarter
The West End landlord’s portfolio has shrunk to £3.5bn
Opportunistic purchase of Samuel Tak Lee’s 26.3% stake creates possibilities for West End REITs
Capital & Counties will pay £436m for a 26.3% stake in West End landlord
Industry experts have speculated over a merger between the two businesses for years
Matt Smith will report directly to landlord’s chief executive
REIT sees early signs of increasing activity in the institutional property investment markets
Sammy Tak Lee says he will vote down the board’s right to raise cash by issuing new shares
Almost half of the commercial space at 72 Broadwick Street is now taken
West End landlord’s profit after tax fell by 85% over the year to £26m.
West End landlord Shaftesbury reports steady growth in the six months to the end of March.