Schroder REIT shareholders greenlight fresh sustainability objective

In an extraordinary general meeting last week (15 December), 82.7% of votes were cast in favour of the proposal. The changes, which were proposed last month, will see the trust adopting a sustainability improvement and decarbonisation strategy focused on adapting existing buildings, enabling it to respond to the UK's net zero objectives. Schroder REIT proposes investment objective change and variable fee structure A change in fee structure for the investment manager will also be introduced, with a five basis point increase or decrease in management fee dependant on sustainability a...