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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.
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Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
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Enquiry
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All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
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