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Charter Hall Retail REIT ( (AU:CQR) ) has provided an update.
Charter Hall Wholesale Management Limited, acting as trustee for various investment trusts, reported a change in their substantial holding in Hotel Property Investments (HPI). As per the announcement, the company increased its voting power from 58.70% to 60.50% by acquiring additional stapled securities through an off-market takeover bid. This acquisition, valued at $3.752 per security, reflects Charter Hall’s strategic intent to strengthen its investment portfolio, potentially impacting its influence over HPI’s future decisions and operations.
More about Charter Hall Retail REIT
YTD Price Performance: 1.60%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.12B
See more insights into CQR stock on TipRanks’ Stock Analysis page.
