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Charter Hall Increases Stake in Hotel Property Investments

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Charter Hall Increases Stake in Hotel Property Investments

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Charter Hall Retail REIT ( (AU:CQR) ) just unveiled an announcement.

Charter Hall Wholesale Management Limited, acting as trustee for the CH Investment Trust and CH Investment Co Trust, has announced a change in the interests of substantial holders regarding Hotel Property Investments (HPI). The change in interest reflects a shift in voting power from 90.86% to 93.48% of the fully paid ordinary stapled securities in the company. This adjustment results from the acquisition of additional securities through an off-market takeover bid, indicating a strategic move to consolidate control over HPI.

More about Charter Hall Retail REIT

YTD Price Performance: 8.02%

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: €1.19B

For a thorough assessment of CQR stock, go to TipRanks’ Stock Analysis page.

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