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Charter Hall Retail REIT (ASX: CQR) today announces that the Retail Partnership No. 1 (RP1) has settled Pemulwuy Marketplace and contracted to divest West Ryde Marketplace to interests associated with Primewest (ASX: PWG). CQR is a 50% joint venture partner in RP1.
Both centres were sold for a combined price of $91.5m at a 1% discount to the December 2019 book value of $92.5 million. CQR’s proportionate interest in the sale is $45.75 million.
CQR FY20 full year results will take place on 13 August 2020.
Announcement authorised by the Board
Click here to view the ASX Announcement