THE Charter Hall Retail REIT has completed its $80 million institutional placement to partially fund the acquisition of Rosebud Plaza.
Approximately 21.1 million new ordinary units were issued to institutional investors at a fixed price of $3.80 per unit, representing a premium of 14.5% to the REIT’s NTA at 30 June 2013. They will rank equally with existing Charter Hall Retail REIT units.
Fund manager Scott Dundas said he was pleased with the support received from a combination of existing and new investors.
Property Review
