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Charter Hall Retail REIT ( (AU:CQR) ) has shared an update.
Charter Hall Retail REIT, in conjunction with Hostplus, has successfully acquired over 90% of the securities of Hotel Property Investments Limited (HPI). This acquisition permits the initiation of a compulsory acquisition process under the Corporations Act 2001, which will lead to the cessation of HPI securities trading on the ASX. The HPI Board advises securityholders to accept the Bidder’s Offer to realize their investments promptly. The offer deadline is set for 7pm on 14 March 2025.
More about Charter Hall Retail REIT
Charter Hall Retail REIT operates within the real estate investment trust (REIT) industry, focusing on retail properties. The company is known for managing a diverse portfolio of retail assets across various locations, primarily within Australia, and aims to deliver stable income returns and capital growth to its investors.
YTD Price Performance: 6.95%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €1.19B
See more insights into CQR stock on TipRanks’ Stock Analysis page.
