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Charter Hall Retail REIT (ASX:CQR) (the REIT) today announced that it has entered into a Call Option Deed to sell three non-core properties in Central Western NSW for $21.55 million. The assets sold are located in Bathurst, Narromine and Wellington with the combined sale price reflecting a 3.5% premium to the June 2014 book value.
Settlement is expected in four weeks, with proceeds from the sale being utilised toretire approximately $18.9 million of CMBS notes and pay down approximately $2.2 million of the REIT’s revolving bank debt facility. Fund Manager, Scott Dundas, said that the sale of these non-core assets reinforces the REIT’s focus on enhancing the quality of its portfolio, in line with its stated strategy.
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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.
I am interested in
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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