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.
Disclaimer
Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.
Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.
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