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Company News Summary

Charter Hall Retail REIT Announces Sale of Pemulwuy Marketplace and West Ryde Marketplace

03 Jul 2020  |  09:26:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Sale of Pemulwuy Marketplace and West Ryde Marketplace

Charter Hall Retail REIT announced that the Retail Partnership No. 1 (RP1) has settled Pemulwuy Marketplace and contracted to divest West Ryde Marketplace to interests associated with Primewest. It is a 50% JV partner in RP1. Both centres were sold for a combined price of $91.5m at a 1% discount to the December 2019 book value of $92.5m. Its proportionate interest in the sale is $45.75m. Its FY 2020 full year results will take place on 13 August 2020.

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