Investors to vote on takeover deal

The listed Colonial real estate trust was rebranded Macquarie Goodman Property Trust before Christmas when it was announced Macquarie had spent $33 million to get a listed presence in New Zealand.

Although Macquarie Goodman Industrial Trust is listed in Australia and it had bought a substantial Auckland portfolio in the past two years, Macquarie had no public presence until December 16 when it unveiled a series of transactions which resulted in it buying Colonial's management company for $5.75 million, renaming the Colonial trust Macquarie and taking a 20 per cent stake in the trust for $27.61 million.

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