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Charter Hall Retail REIT Successful completion of institutional placement

02/04/2019

Placement

Charter Hall Retail Management Limited, as responsible entity of Charter Hall Retail REIT (ASX:CQR) (CQR or the REIT) has successfully completed the fully underwritten institutional placement announced on 1 April 2019 (Placement), raising $150 million though the issue of approximately 33.3 million new units (New Units) at an issue price of $4.51 per unit.

The New Units will settle on Thursday, 4 April 2019, with allotment and normal trading to occur on Friday, 5 April 2019. New Units issued under the Placement will rank equally with existing CQR Units and will be entitled to the full distribution for the half year ending 30 June 2019.

CQR confirms that, pursuant to ASX listing rule 7.1, the Placement is within CQR's placement capacity of 15% and unitholder approval is not required.

Unit Purchase Plan

CQR is also undertaking a non-underwritten Unit Purchase Plan (UPP), which is expected to raise up to $10 million1. Under the UPP, eligible unitholders in Australia and New Zealand will be invited to subscribe for up to $15,000 of new units, free of brokerage and transaction costs. The new units will be offered at the same price as the Placement of $4.51 per unit. New units issued under the UPP will rank equally with existing CQR units and will be entitled to the full distribution for the half year ending 30 June 2019.

Further information on the UPP will be lodged with the ASX and sent to eligible unitholders on or around 8 April 2019.

Recommencement of trading

CQR units are expected to resume trading on the ASX from market open today (Tuesday, 2 April 2019).

1 CQR may (in its absolute discretion) in a situation where total demand exceeds $10 million, decide to increase the amount to be raised under the UPP to reduce or eliminate the need for scale back. CQR reserves the right to scale back applications under the UPP at its discretion.

<Click to view the ASX Release>

For further information, please
contact:

Greg Chubb
Retail CEO
Charter Hall Retail REIT 

T +61 2 8651 9355
greg.chubb@charterhall.com.au

For investor enquiries, please
contact:

Phillip Cheetham 
Head of Listed Investor Relations
Charter Hall

T +61 2 8651 9214
philip.cheetham@charterhall.com.au

  For media enquiries, please
  contact:

  Angus Booth
  Group Manager – External              Affairs Charter Hall 

  T: +61 8651 9223 
  angus.booth@charterhall.com.au     

Christine Kelly
Deputy Fund Manager CQR and Head of Retail Finance
Charter Hall Retail REIT 

T +61 2 8651 9401
christine.kelly@charterhall.com.au