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Granite REIT urges unit holders to 'protect their investment'

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Granite REIT urges unit holders to 'protect their investment'

Granite REIT urged its unit holders to "protect their investment" from FrontFour Capital and Sandpiper Group by voting only in favor of Granite's nominees at the company's annual meeting June 15.

FrontFour Capital and Sandpiper Group collectively own 6.2% in Granite Real Estate Investment Trust. The unit holders have been pushing for a leadership change and recently proposed three independent directors, namely Al Mawani, Peter Aghar and Samir Manji, for election to the company's board.