Charter Hall transactions

2 mins

by Charter Hall Announcement

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 or Group) today announces that it has sold a 17.5% stake in the BP Partnership to Charter Hall Retail REIT (ASX: CQR) for approximately $77 million. In 2019, the BP Partnership was created to acquire an $840m interest in a portfolio of BP leased convenience retail assets. At that time, the BP Partnership was owned 50% by Charter Hall Long WALE REIT (ASX: CLW) and 30% by CQR and 20% by the Group. Post today’s transaction, the BP Partnership will essentially operate as a joint venture between CLW and CQR, with a near equalisation of the ownership stakes between these funds. The BP Partnership Fund owns a 49% interest in 225 BP Long WALE Convenience Retail properties leased to BP Australia Pty Ltd.

The Group also announces that it has participated in a block trade undertaken by Viva Energy (ASX:VEA) of its holding in VIVA Energy REIT (ASX VVR) and has acquired a 5% stake in VVR alongside CLW, which has also acquired a 5% stake. Each 5% stake has been acquired for $2.66 per VVR security, totalling $103.5 million for each 5% stake in VVR.

Announcement authorised by both the Chair and Managing Director and Group CEO

View ASX Announcement