Charter Hall Retail REIT: Withdrawal of Unit Purchase Plan
Charter Hall Retail REIT (ASX:CQR) (the REIT) today withdrew its Unit Purchase Plan (UPP), announced on 22 November 2013.
Since the UPP offer opened there has been increased volatility in markets and there is now aconsiderable discount between the current price of CQR units on the ASX and the UPP Offer price of$3.80.Eligible unitholders had until 5pm (AEDT) on 16 December 2013 to register for the UPP, however thisoffer has now been withdrawn and is therefore closed. Monies received from applications received todate will be refunded as soon as practical.
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
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