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Charter Hall Retail REIT ( (AU:CQR) ) just unveiled an update.
Charter Hall Wholesale Management Limited has increased its substantial interest in Hotel Property Investments (HPI), a company involved in managing and investing in hotel properties. The change in interest, resulting from an off-market takeover bid, has increased Charter Hall’s voting power from 64.03% to 65.36%, indicating a strategic move to consolidate its holdings in the hotel property market.
More about Charter Hall Retail REIT
YTD Price Performance: 1.60%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.13B
Learn more about CQR stock on TipRanks’ Stock Analysis page.