** Charter Hall Retail REIT CQR.AX falls as much as 4% to A$3.12; lowest since July 1

** CQR now has 56.15% stake in its takeover target Hotel Property Investments HPI.AX, according to an exchange filing

** Pub landlord HPI asked shareholders on Friday to back its A$760 mln ($474.2 mln) buyout to prevent a hostile takeover by its top shareholder CQR

** HPI up 0.1% to A$3.785

** CQR down 10% this year vs HPI's 31.7% rise, as of last close

($1 = A$1.6026)

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))