Charter Hall completes equity raising

Retail trust completes $80m institutional placement to partly fund acquisition.

Charter Hall Retail REIT has completed its fully underwritten $80 million institutional placement to partially fund the acquisition of Melbourne shopping centre Rosebud Plaza.

In a statement to the Australian Securities Exchange, Charter Hall said approximately 21.1 million new units were issued to institutional investors at a fixed price of $3.80 per unit.

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