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An announcement from Hotel Property Investments Ltd. ( (AU:HPI) ) is now available.
Charter Hall Retail REIT, in collaboration with Host-Plus Pty Limited, has secured over 90% of Hotel Property Investments’ securities and plans to initiate a compulsory acquisition for the remaining shares. This strategic move is expected to further solidify Charter Hall’s position in the property investment market and enhance its portfolio, potentially benefiting stakeholders by improving returns and expanding market influence.
More about Hotel Property Investments Ltd.
Charter Hall Retail REIT is a leading owner of property for convenience retailers in Australia, managed by Charter Hall Group. This integrated property investment and funds management group specializes in creating value and generating superior returns for investor customers through its diverse portfolio in office, industrial and logistics, retail, and social infrastructure sectors.
Average Trading Volume: 598,375
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$736.1M
See more insights into HPI stock on TipRanks’ Stock Analysis page.
