Charter Hall Participation in CQR Equity Raise
Charter Hall Group (ASX:CHC) (‘Charter Hall’) today announced that it has accepted a conditional prorataplacement by Charter Hall Retail REIT (ASX:CQR) of approximately $8m. This placement issubject to CQR unitholder approval.
This conditional pro-rata placement is part of an equity raise being undertaken by CQR, with thebalance comprised of a fully underwritten institutional placement to raise $80m (see CQR announcement of today’s date).
The participation in the CQR equity raise by CHC ensures that CHC’s relevant interest in CQR willremain at 9.4%.
About Charter Hall
Charter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups, with over 22 years’ experience managinghigh quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $10 billion of funds under managementacross 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-returnprofiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make adifference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and theGroup.
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