Charter Hall Retail REIT Raises Stake in Hotel Property Investment, Extends Offer Period

MT Newswires Live

2024/11/19

Charter Hall Retail REIT (ASX:CQR) increased its stake in Hotel Property Investment (ASX:HPI) to 26.92% from 26.65%, according to a Tuesday filing with the Australian bourse.

In a separate filing, the real estate investment trust said it is extending the off-market takeover to Dec. 3 from the previous Nov. 26 deadline.

Charter Hall Retail REIT's shares were up almost 2% in recent Tuesday trade.

Price (AUD): $3.48, Change: $+0.06, Percent Change: +1.61%

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