Charter Hall Retail REIT (AU:CQR) has released an update.
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Charter Hall Retail REIT has increased its stake in Hotel Property Investments (HPI) to 48.21%, up from 45.16%, following the acquisition of additional stapled securities. This move is part of an off-market takeover bid, indicating Charter Hall’s growing influence and investment in HPI. Investors tracking real estate investment trusts may find Charter Hall’s strategic expansion noteworthy.
For further insights into AU:CQR stock, check out TipRanks’ Stock Analysis page.
