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CQR - Sale of New Zealand Assets


Charter Hall Retail REIT (ASX:CQR) (the ‘REIT’) today announced that it has completed the sale of its remaining half interest in two New Zealand assets for NZ$8.2 million, completing the final sell down of the REIT’s offshore exposure.

Today’s completion has resulted in A$7.3 million of net equity proceeds being repatriated to Australia.

Scott Dundas, the REIT’s Fund Manager, said: “We are pleased to have completed the sell down of all our offshore portfolios, with the REIT now focused solely on the three key drivers of growth being active management, portfolio enhancement and capital management.

“Charter Hall Retail REIT is well positioned to deliver a secure and growing income stream through the REIT’s three key drivers and by focusing on our $2.0 billion Australian portfolio,” Mr Dundas added.

For further information:

Scott Dundas
Fund Manager
Charter Hall Retail REIT
T +61 2 8651 9273

Philip Schretzmeyer
Deputy Fund Manager
Charter Hall Retail REIT
T +61 2 8651 9246

For investor enquiries:

Kylie Ramsden
Head of Listed Investor Relations
Charter Hall
T +61 2 8651 9204

For media enquiries:

Rachel Mornington-West
Head of Marketing and Communications
Charter Hall
T +61 2 8651 9248

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