Charter Hall Announces Sale of Pemulwuy Marketplace and West Ryde Marketplace

July 03, 2020 01:16 PM AEST
Team Kalkine

Charter Hall Retail REIT (ASX:CQR) announced that Retail Partnership No. 1 (RP1) has settled Pemulwuy Marketplace and hired to separate 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 $91.5 million 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 results for 2020 are expected to take place on 13 August 2020.

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