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CHARTER HALL GROUP — Capital/Financing Update 2020
Jul 27, 2020
64645_rns_2020-07-27_a7bfc199-7a30-43f2-99c9-32face58917c.pdf
Capital/Financing Update
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ASX Release
Sale of stake in Waypoint REIT
28 July 2020
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) announces that it has sold its entire 5% holding in Waypoint REIT (ASX:WPR). Charter Hall's stake was sold for $2.61 per WPR security, totalling $101.6 million. Charter Hall will receive a distribution of 7.41 cents per WPR security for the half year ended 30 June 2020, which together with the sale price, provides Charter Hall with a positive total return on its February 2020 entry price.
Charter Hall Long WALE REIT (ASX:CLW) has also sold its entire 5% holding in WPR, for the same price.
Approved by the Managing Director and Group CEO
Charter Hall Group (ASX: CHC)
With over 29 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 $40 billion plus diverse portfolio of over 1,100 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 $7.3 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 information, please contact
For investor enquiries, please contact
For media enquiries, please contact
David Harrison Philip Cheetham Adrian Harrington Managing Director and Group CEO Head of Listed Investor Relations Head of Capital & Product Development Charter Hall Charter Hall Charter Hall T +61 2 8651 9142 T +61 403 839 155 T +61 410 489 072 [email protected] [email protected] [email protected]
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