Charter Hall Retail REIT Boosts Hotel Property Investment Stake

MT Newswires Live

2024/12/27

Charter Hall Retail REIT (ASX:CQR) via its manager Charter Hall Wholesale Management, said that its stake in Hotel Property Investment (ASX:HPI) is now 56.15% or 110.4 million shares as of Dec. 24, according to a same-day filing with the Australian bourse.

This is an increase from 53.48% or 105.1 million shares as of Dec. 20.

The REIT is acquiring Hotel Property investment via an off-market takeover for AU$3.785 per security.

Charter Hall Retail REIT's shares were up nearly 1% in recent Friday trade.

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