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CHARTER HALL GROUP — Capital/Financing Update 2019
Sep 17, 2019
64645_rns_2019-09-17_5ca7d853-b7a0-48a0-93d4-eafb0bf8f52c.pdf
Capital/Financing Update
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ASX Release
Charter Hall - sale of $36 million interest in RP6
18 September 2019
Charter Hall Limited ACN 113 531 150
Charter Hall Funds Management Limited ABN 31 082 991 786 Level 20, No.1 Martin Place Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 T +61 2 8651 9000 F +61 2 9221 4655 www.charterhall.com.au
Charter Hall Group (ASX: CHC) today announces that it has sold its 20% stake in Pacific Square, Maroubra and Bass Hill Plaza to Charter Hall Retail REIT (ASX: CQR).
The Group agreed to sell its stake following an approach by CQR. The Group continues to maintain exposure to these assets via its co-investment in CQR. Charter Hall Group waived all fees associated with this transaction.
Proceeds from the sale will be reinvested across the platform to support other existing and new fund initiatives.
Charter Hall Group (ASX: CHC)
With over 28 years’ experience in property investment and funds management, we’re one of Australia’s leading fully integrated property groups. We use our property expertise to access, deploy, manage and invest equity across our core sectors – office, retail, industrial and social infrastructure.
Operating with prudence, we’ve carefully curated a $36.4 billion diverse portfolio of over 840 high quality, long leased properties. Partnership and financial discipline are at the heart of our approach. Acting in the best interest of customers and communities, we combine insight and inventiveness to unlock hidden value. Taking a long term view, our $6.5 billion development pipeline delivers sustainable, technologically enabled projects for our customers.
The impacts of what we do are far-reaching. From helping businesses succeed by supporting their evolving workplace needs, to providing investors with superior returns for a better retirement, we’re powered by the drive to go further.
For further enquiries, please contact For investor enquiries, please contact For media enquiries, please contact David Harrison Philip Cheetham Angus Booth Managing Director and Group CEO Head of Listed Investor Relations Head of External Affairs and Communications Charter Hall Charter Hall Charter Hall T +61 2 8651 9142 T +61 403 839 155 T + 61 457 560 179 [email protected] [email protected] [email protected]
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