Property fund in proxy fight
Investor Craig Priscott is seeking to roll the board of the $115m Provincia Property Fund.
The Provincia Property Fund owns a portfolio of small industrial properties such as this one in Arwen Place, East Tamaki.
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A High Court judgment has revealed a brewing power struggle at property fund Provincia, owner of 15 industrial properties in Auckland valued at $115 million.
According to the ruling of Justice Dani Gardiner on February 25, activist investor Craig Priscott has accumulated a 16% stake in the
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