Unit holders of the Westralia Property Trust have approved the purchase of $90.25 million of plantation property as well as approving a new constitution and a new name - the Agricultural Land Trust.
Peter Zachert, director of the trust's responsible entity, Westralia Property Management, said the vote was overwhelmingly in favour.
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Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
