National Property Trust investors will benefit from becoming a listed company and the proposed deal is fair and reasonable, a report from appraiser Grant Samual says.
In August, unitholders overwhelmingly approved a move for the Trust to manage its property portfolio itself, and convert into a listed firm.
The deal will see unitholders get the higher of 54 cents for each unit or a weighted average price over a certain period in March, which Grant Samuel says is in investors best interests.
Grant Samuel says paying St Laurence nearly $19 million to end its links with the Trust should also be supported by investors.
Unitholders will vote on the proposals later this month.
