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Charter Hall Retail REIT ( (AU:CQR) ) just unveiled an update.
Charter Hall Retail REIT, acting through Charter Hall Wholesale Management Limited as trustee for the CH Investment Trust and the CH Investment Co Trust, has announced a change in the interests of its substantial holder in Hotel Property Investments (HPI). The change, effective from January 23, 2025, increases the voting power of Charter Hall from 65.36% to 66.70% in HPI. This adjustment follows Charter Hall’s acquisition of additional stapled securities in HPI through an off-market takeover bid. The expansion of Charter Hall’s stake in HPI could enhance its strategic hold and influence over the company, potentially affecting stakeholder interests and market dynamics.
More about Charter Hall Retail REIT
YTD Price Performance: 1.60%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.13B
See more insights into CQR stock on TipRanks’ Stock Analysis page.
