CHARTER Hall Retail REIT has completed the purchase of eight Woolworths anchored shopping centres.
CQR teamed up with Telstra Super last month to buy the properties for $284.7 million and is forecast to deliver a first full year running yield of approximately 8.0%.
Yesterday the trust also announced it has completed the sale of Ocala Corners in Florida to Regency for $US11.0 million, reflecting a yield of 7.5% and it has exchanged a conditional contract to sell another non-core asset, Trowbridge Crossing in Atlanta for $US6.7 million. The combined disposal value of $US17.7 million is in line with the carrying book values. A further six assets valued at $US64 million remain under conditional contract in the United States, awaiting various consents to be granted.
Australian Property Journal
