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ASX Release for CQR - Completion of Equity Raise


Completion of $50 million institutional placement

Charter Hall Retail REIT (ASX:CQR) (the REIT) today announced the completion of its fully underwritten $50 million institutional placement (the Placement) to partially fund the acquisition of Goulburn Plaza, NSW and Katherine Central, NT.

Approximately 12.4 million new ordinary units were allocated to institutional investors at a fixed price of $4.02 per unit.

Units issued under the Placement will settle on 21 August 2015, with allotment to occur on 24 August 2015 from which time they will rank equally with existing Charter Hall Retail REIT units.

Fund Manager Scott Dundas said: “Goulburn Plaza and Katherine Central are the dominant offerings in their catchment and their acquisition will further improve the REIT’s strong non-discretionary retail portfolio. In completing this transaction, we were also pleased with the support received from a combination of existing and new investors”.

The Placement was fully underwritten by Macquarie Capital (Australia) Limited who acted as Lead Manager, Underwriter and Bookrunner.

Click here to download the ASX announcement >

For further information please contact:

Scott Dundas
Fund Manager
Charter Hall Retail REIT 

T +61 2 8651 9273

For investor enquiries please contact:

Nick Kelly
Head of Investor Relations
Charter Hall

T +61 2 8651 9235   

For media enquiries please contact:

Rachel Mornington-West
Head of Marketing and Communications
Charter Hall

T +61 2 8651 9248   

Phil Schretzmeyer
Deputy Fund Manager
Charter Hall Retail REIT 

T +61 2 8651 9246