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Charter Hall Group (ASX: CHC) (the Group) today announced a management change to its managed listed REIT, the Charter Hall Social Infrastructure REIT (ASX: CQE) (the REIT). After many years managing the CQE portfolio, Nick Anagnostou will leave the Group to pursue other opportunities after a well-earned break.
The Group further advises that Travis Butcher, after being deputy to Nick for the past 11 years, will take the lead role as Fund Manager of CQE effective immediately. Scott Martin as Head of Diversified Finance and former Folkestone CFO, will take responsibility for finance functions for CQE.
Managing Director and Group CEO, David Harrison said:
“With CQE now exceeding a $1.1 billion portfolio value across over 420 properties, the dedicated management team lead by Travis will work to drive the next phase of growth whilst continuing the focus on strong tenant customer relationships, WALE enhancement and diversification. We thank Nick for his dedicated service and wish him well in his career”.
Sean McMahon, Chief Investment Officer added:
“Under Travis’ guidance, CQE will continue to execute its strategy to be a leading provider of early learning accommodation and build its social infrastructure portfolio by investing in properties with predictable and secure long-term income with the opportunity for capital growth and high underlying land value”.
There is no change to the REIT’s recent FY20 forecast earnings guidance of 3-4% growth and distribution guidance of 16.7 cents per unit.