Charter Hall announces management changes to the Social Infrastructure REIT

To access this part of the website, please select your country of residence from the following list.

The country of my primary residence is:

Due to legal restrictions, access to this website is only available to residents of Australia and New Zealand from within Australia or New Zealand. In order to access this website, you must provide the State, Territory or Province and postcode for your primary residential address within Australia or New Zealand.

The State or Territory of my primary residence in Australia or the Province of my primary residence in New Zealand is:

The postcode for my primary residence in Australia is:

Proceed

The State or Territory of my primary residence in Australia or the Province of my primary residence in New Zealand is:

The postcode for my primary residence in New Zealand is:

Proceed

By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:

you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.

I agree to the above terms Yes or No.

Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.

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.

View ASX Announcement