Charter Hall Retail REIT Completion of Equity Raise

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by Charter Hall Announcements

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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.