Torius Property, a part of Croesus Retail Trust's portfolio of properties in Japan.Photo: CROESUS RETAIL TRUST

Singapore-listed Croesus Retail Trust (CRT) said on Wednesday majority of its unitholders voted in favour of Blackstone's proposed acquisition of Japanese retail mall owner.

Tthe last trading day of the units is expected to be October 5, and the units are expected to be delisted on October 24, it said in a statement.

In July, U.S. private equity group Blackstone Group LLP offered to buy CRT for S$900.6 million.

As part of the deal, once the scheme becomes effective, CRT will be wholly-owned by Blackstone and will be delisted.

Blackstone Group is one of the world's largest institutional real estate investors and managed $102 billion of equity for real estate investments as of December 31, 2016. It is also one of the largest retail owners in the world, with investments in 563 properties globally.

Shares in CRT closed up 0.4 percent at S$1.17 on the Singapore Exchange. The stock is up nearly 40 percent so far this year.