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Charter Hall Retail REIT ( (AU:CQR) ) has provided an announcement.
Charter Hall Retail REIT has successfully completed the compulsory acquisition of all outstanding ordinary stapled securities in Hotel Property Investments, making it the registered holder of 100% of HPI’s securities. This acquisition strengthens Charter Hall’s position in the property investment sector, potentially enhancing its market influence and providing strategic growth opportunities for its stakeholders.
More about Charter Hall Retail REIT
Charter Hall Retail REIT is a leading owner of property for convenience retailers and is managed by Charter Hall Group, one of Australia’s prominent integrated property investment and funds management groups. The company leverages its expertise to manage and invest in a diverse portfolio across core sectors including Office, Industrial & Logistics, Retail, and Social Infrastructure, focusing on partnerships and financial discipline to create value and generate superior returns for investors.
YTD Price Performance: 5.88%
Average Trading Volume: 40
Technical Sentiment Signal: Sell
Current Market Cap: €1.17B
For a thorough assessment of CQR stock, go to TipRanks’ Stock Analysis page.