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Charter Hall Retail REIT ( (AU:CQR) ) has shared an update.
Charter Hall Wholesale Management Limited, acting as trustee for various investment trusts, has increased its voting power in Hotel Property Investments (HPI) from 79.25% to 85.43%. This change results from the acquisition of additional Stapled Securities through an off-market takeover bid. The increased stake in HPI indicates Charter Hall’s strategic move to solidify its influence within the company, potentially impacting its operations and stakeholder relations.
More about Charter Hall Retail REIT
YTD Price Performance: 4.81%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.17B
See more data about CQR stock on TipRanks’ Stock Analysis page.
