Charter Hall Group (ASX:CHC) announced sale of its 5% holding in Waypoint REIT (WPR). Some of the highlights are:
- CHC stake was sold for $2.61 per WPR security, totalling $101.6 million.
- Charter Hall Long WALE REIT has also sold its entire 5% holding in WPR, for the same price.
- Charter Hall shall get a distribution of 7.41 cents per WPR security for the half year ended 30 June 2020
- The distribution together with the sale price shall provide Charter Hall with a positive total return on its February 2020 entry price.