Investors in Arena REIT have voted overwhelmingly in favour of a proposal for the childcare property trust to take its management in-house.
The internalisation plan will cost $10.7 million in buying back the management rights now held by Morgan Stanley Real Estate.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
