Shareholders of Macarthurcook Industrial Trust (MCRT.SI) approved a rescue package that means a group of investors led by Australia's AMP (AMP.AXC) will buy new shares in the firm at a heavy discount, said a source who attended an extraordinary general meeting of the REIT today.

The rescue package had been opposed by Cambridge Industrial Trust (CMIT.SI), a Singapore real estate investment trust which owns nearly 10% of Macarthurcook. Cambridge is managed by a unit of National Australia Bank (NAB.AX).