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Charter Hall Retail REIT ( (AU:CQR) ) has provided an announcement.
Charter Hall Wholesale Management Limited, acting as trustee, reported a change in its interests in Hotel Property Investments (HPI), a company focused on property investments in the hotel sector. Charter Hall and its associated entities have increased their voting power in HPI from 85.43% to 90.86%, following an acquisition of additional shares through an off-market takeover bid. This increase in voting power may strengthen Charter Hall’s influence over HPI’s strategic decisions and operations, potentially impacting stakeholders and market dynamics in the hotel property investment sector.
More about Charter Hall Retail REIT
YTD Price Performance: 6.95%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: €1.19B
For an in-depth examination of CQR stock, go to TipRanks’ Stock Analysis page.
