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DEXUS CONVENIENCE RETAIL REIT — M&A Activity 2019
Dec 18, 2019
64805_rns_2019-12-18_605e2a05-4567-4a20-800d-e60330a55e43.pdf
M&A Activity
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19 December 2019
Chevron Corporation agrees to acquire Puma Energy (Australia) Holdings Pty Ltd
Chevron Australia Downstream Pty Ltd, a wholly-owned subsidiary of Chevron Corporation, today announced that it has signed a conditional Share Sale Agreement with Puma Energy Asia Pacific B.V. to acquire all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd ( Puma Energy ).
Puma Energy is the tenant of 57% (by gross income) of the properties owned by APN Convenience Retail REIT.
This announcement was authorised to be given to the ASX by Joseph De Rango, Chief Financial Officer.
ENDS
For further information, please contact:
Chris Brockett
Fund Manager E [email protected] T +613 8656 1000
About APN Convenience Retail REIT
APN Convenience Retail REIT (ASX code: AQR) is a listed Australian real estate investment trust which owns high quality Australian service stations and convenience retail assets. The Fund’s portfolio of 69 properties valued at approximately $360 million, is predominantly located on Australia’s eastern seaboard and is leased to leading Australian and international convenience retail tenants. The portfolio provides a long lease expiry profile and contracted annual rent increases delivering the Fund a sustainable and strong level of income security. Convenience Retail has a target gearing range of 25 – 40% as part of its conservative approach to capital management.
APN Convenience Retail REIT is governed by an Independent Board of Directors and is managed by APN Property Group, a specialist real estate investment manager established in 1996 with approximately $2.9 billion in assets under management.
www.apngroup.com.au
Level 30, 101 Collins Street Melbourne, Victoria 3000, Australia Convenience Retail REIT No. 1 ARSN 101 227 614 Responsible Entity: T +61 (0) 3 8656 1000 Convenience Retail REIT No. 2 ARSN 619 527 829 APN Funds Management Limited F +61 (0) 3 8656 1010 Convenience Retail REIT No. 3 ARSN 619 527 856 ACN 080 674 479 AFSL No. 237500 W www.apngroup.com.au