Urbus proposal succeeds

Investors in nine Waltus property syndicates voted overwhelmingly in favour of being taken over by Urbus despite some vigorous opposition at a marathon round of meetings yesterday.

Thursday, November 21st 2002, 8:37AM

by The Landlord

Nearly 91% of Urbus’s investors who voted were also in favour.
Most of the opposition centred on the Albany Power Centre syndicate which was described by some of its investors as "the jewel in the crown" of the Waltus syndicates.
It is the only one of the nine syndicates that is worth more than the money investors put in.
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