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The latest update is out from Charter Hall Retail REIT ( (AU:CQR) ).
Charter Hall Wholesale Management Limited has announced a change in the interests of its substantial holding in Hotel Property Investments (HPI). As a trustee for multiple investment trusts, Charter Hall Wholesale Management and its associates have increased their voting power from 73.69% to 75.58% in Hotel Property Investments, as a result of acquiring additional securities through an off-market takeover bid. This change indicates a strategic move to consolidate Charter Hall’s influence within the Hotel Property Investments, potentially impacting future decisions and direction of the company.
More about Charter Hall Retail REIT
YTD Price Performance: 0.53%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.12B
For a thorough assessment of CQR stock, go to TipRanks’ Stock Analysis page.