The trust targets well-located supermarket-anchored shopping centres, which drive customer traffic.
Charter Hall Retail’s operational update for the September quarter revealed the firm is feeling the retail malaise of listed peers. The disparity in sales performance by tenant type is continuing, with low-rent-paying anchor tenants achieving sales growth of 2.7%. The sales results for the high-rent-paying specialty tenants was glossed over, stated as being consistent with the feeble 0.2% growth reported for the year to June. Leasing outcomes were similarly weak, with new and renewed leases for ...
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