Charter Hall Retail REIT (AU:CQR) has released an update.
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Charter Hall Retail REIT, acting through its trustee Charter Hall Wholesale Management Limited, has increased its stake in Hotel Property Investments (HPI) to 52.38% from 48.21%. The acquisition was made through an off-market takeover bid, with a purchase price of $3.785 per stapled security. This strategic move reflects Charter Hall’s growing influence in the property investment market.
For further insights into AU:CQR stock, check out TipRanks’ Stock Analysis page.
