KAPLAN Funds Management Pty Limited has received unitholder approval to buyout Kaplan Equity Limited.
KFML is the manager of the KFM Diversified Infrastructure and Logistics Fund.
Over 98% of eligible proxies received were in favour of the resolutions. It is expected that the acquisition will be completed shortly.
Following the formal completion of the acquisition, the fund will change its name to Qube Logistics. On completion, Qube is expected to have gross assets of almost $460 million and a market capitalisation approaching $400 million.
Australian Property Journal
