Charter Hall Increases Stake in Hotel Property Investments

Charter Hall Retail REIT (AU:CQR) has released an update.

Charter Hall Retail REIT has increased its stake in Hotel Property Investments (ASX:HPI) to 38.34% through acquisitions under an off-market takeover bid. This move, involving the acquisition of over 4 million stapled securities, reinforces Charter Hall’s strategic interests in the property sector. The increase reflects a growing influence in HPI’s voting power, up from 36.09%.

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