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Charter Hall Retail REIT ( (AU:CQR) ) just unveiled an announcement.
Charter Hall Wholesale Management Limited, acting as a trustee for the CH Investment Trust and the CH Investment Co Trust, has initiated a compulsory acquisition process to obtain all remaining securities of Hotel Property Investments (HPI) after securing over 90% interest through an off-market takeover offer. This move will consolidate Charter Hall’s position in the property investment market, potentially affecting HPI’s current stakeholders as trading in HPI securities is expected to be suspended and eventually removed from the ASX official list.
More about Charter Hall Retail REIT
Charter Hall Retail REIT is a real estate investment trust specializing in the retail property sector. It manages a diverse portfolio of shopping centers across Australia, focusing on high-quality retail properties with strong tenant covenants.
YTD Price Performance: 6.95%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €1.19B
For a thorough assessment of CQR stock, go to TipRanks’ Stock Analysis page.
