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CHARTER HALL GROUP — Capital/Financing Update 2013
Nov 24, 2013
64645_rns_2013-11-24_d33c2851-ca84-42a6-a69c-4fad5ece2f1f.pdf
Capital/Financing Update
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NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO U.S. PERSONS
Charter Hall ASX Media Release Retail Management Limited ACN 069 709 468 AFSL 246996 Responsible entity of Completion of $80 million institutional Charter Hall Retail REIT placement Level 11, 333 George StreetABN 34 357 213 849 25 November 2013 Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 T +61 2 8908 4000 F +61 2 8908 4040 www.charterhall.com.au
Charter Hall Retail REIT (ASX:CQR) (the REIT) today announced the completion of its fully underwritten $80 million institutional placement (the Placement) to partially fund the acquisition of Rosebud Plaza.
Approximately 21.1 million new ordinary units were issued to institutional investors at a fixed price of $3.80 per unit, representing a premium of 14.5% to the REIT’s NTA at 30 June 2013.
Units issued under the placement will settle on 27 November 2013, with allotment to occur on 28 November 2013 from which time they will rank equally with existing Charter Hall Retail REIT units. The Placement was fully underwritten by Citigroup Global Markets Australia Pty Limited and Macquarie Capital (Australia) Limited who acted as Joint Lead Managers, Underwriters and Bookrunners.
Fund Manager Scott Dundas said: “The acquisition of Rosebud Plaza will further enhance our position as Australia’s leading owner of non-discretionary retail properties providing investors with a secure and growing income stream. In completing this transaction, we were also pleased with the support received from a combination of existing and new investors”.
The $8 million conditional placement of REIT units to Charter Hall Group will be subject to unitholder approval in January 2014 with allotment expected to occur in February 2014.
In addition, the REIT intends to offer all eligible Australian and New Zealand Unitholders the opportunity to subscribe for Charter Hall Retail REIT units under a Unit Purchase Plan (UPP). Units issued under the UPP will be issued at the Placement price and will rank equally with existing ordinary units with full entitlement to the distribution for the six months ending 31 December 2013. Additional information on the UPP will be made available to all eligible Australian and New Zealand Unitholders with the offer period expected to open on 3 December 2013 and close on 17 December 2013.
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About Charter Hall Retail REIT
Charter Hall Retail REIT is a leading listed real estate investment trust with a portfolio of predominantly high quality Australian supermarket anchored neighbourhood and sub-regional shopping centres.
Charter Hall Retail REIT is managed by Charter Hall Group (ASX:CHC), one of Australia’s leading fully integrated property groups, with over 22 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $10 billion of funds under management across the office, retail and industrial sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.
The Group’s success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group. For further information on Charter Hall Group and Charter Hall Retail REIT go to www.charterhall.com.au
For further information, please contact: For investor enquiries, please contact For media enquiries, please contact Scott Dundas Kylie Ramsden Rachel Mornington-West Fund Manager Head of Listed Investor Relations Head of Marketing and Communications Charter Hall Retail REIT Charter Hall Charter Hall T +61 2 8295 1009 T +61 8295 1016 T +61 8908 4093 [email protected] [email protected] [email protected]
Philip Schretzmeyer
Deputy Fund Manager Charter Hall Retail REIT T +61 2 8295 1023 [email protected]
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