Corporate Action: Do Not Participate in Unit Purchase Plan as Charter Hall Buys Rockdale Plaza.
Charter Hall Retail is acquiring Rockdale Plaza, a subregional shopping centre in Southern Sydney for AUD 142 million plus AUD 12 million of transaction costs. Funding will come from an underwritten AUD 150 million institutional placement at AUD 4.51 per new unit and a non-underwritten unit purchase plan, or UPP, expected to raise a further AUD 10 million. The offer price represents a 3% discount to the last close of AUD 4.65, with the equity raise increasing units on issue by 8.8%.Rockdale Pla...
Charter Hall Retail REIT is a real estate investment trust (REIT). The principal activity of the Company is property investment. The Company's segments include Freestanding supermarkets, Neighbourhood shopping centres, Sub-regional shopping centres and REIT operations. The Freestanding supermarkets segment consists of standalone supermarket with no specialty shops. The Neighbourhood shopping centres segment consists of local shopping centers with one supermarket and a gross lettable area (GLA) less than 10,000 square meters. The Sub-regional shopping centres segment consists of medium sized shopping centers typically incorporating over one full line discount department store and a supermarket with total GLA of approximately 40,000 square meters. The REIT operations segment includes all other income and expenses, which are not directly attributable to these shopping centers. The Company's subsidiary, Charter Hall Retail JV Trust, is engaged in the property investment.
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