Wednesday, 9 January 2013
Charter Hall Retail Management Limited
ABN 46 069 709 468
AFS Licence No. 246996 as responsible entity of Charter Hall Retail REIT ARSN 093 143 965
Charter Hall Retail REIT (ASX:CQR) (the 'REIT') today announces the Distribution Reinvestment Plan (DRP) issue price for the half year ending 31 December 2012 is $3.7195 per ordinary unit, based on the volume weighted average market price of REIT units traded on the ASX over the 10 business days from
21 December 2012 to 8 January 2013 inclusive. The DRP issue price incorporates the 1.0% discount announced on 6 December 2012.
The REIT will raise approximately $13 million from the DRP, following a preliminary participation rate of
29%, with the proceeds being applied to the REIT's redevelopment pipeline and Australian acquisition opportunities. The DRP units will be issued on the distribution payment date, being on or about 15
February 2013.
Scott Dundas Fund Manager Charter Hall Retail REIT T: +61 2 8295 1009 scott.dundas@charterhall.com.au | Philip Schretzmeyer General Manager Finance Charter Hall Retail REIT T: +61 2 8295 1023 philip.schretzmeyer@charterhall.com.au |
Investor enquiries: Nick Kelly Head of Investor Relations Tel: +61 2 8908 4028 nick.kelly@charterhall,com.au | Media enquiries: Rachel Mornington-West Head of Marketing and Communications Tel: +61 2 8908 4093 rachel.mornington-west@charterhall.com.au |
Charter Hall Retail REIT is a leading listed real estate investment trust with a portfolio of predominantly Australian high quality supermarket anchored neighbourhood and sub-regional shopping centres, with a smaller portfolio of quality shopping centres in Poland and Germany in Europe.
Charter Hall Retail REIT is managed by Charter Hall Group (ASX:CHC), one of Australia's leading fully integrated property groups, with over 20 years' experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has circa $9.6 billion of funds under management across the office, retail, industrial and residential sectors.
The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth. The Group's success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group. For further information on Charter Hall Group and Charter Hall Retail REIT go to www.charterhall.com.au.
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