May
16

Granite REIT Proposes Directors Amid FrontFour Activist Push

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  • Investors urged to vote against slate backed by dissidents
  • FrontFour, Sandpiper own 6.2 percent of REIT’s shares

Granite Real Estate Investment Trust, Canada’s largest industrial real estate landlord, plans to nominate two new board members amid a push for change by activist investor FrontFour Capital Group and its partner, Vancouver-based Sandpiper Group.

Granite, in a regulatory filing Tuesday, cast the changes as part of a board renewal process that began last year. The Toronto-based company urged its investors to vote against a slate backed by the dissident shareholders that it was told privately would include FrontFour co-founder Zachary George and Sandpiper Chief Executive Officer Samir Manji…

Granite REIT Proposes Directors Amid FrontFour Activist Push

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