Australia's Charter Hall Retail REIT up on buying stake in real estate investment firm

360 Capital

28/03/2024 24:16

** Shares of Charter Hall Retail REIT  CQR.AX  rise as much
as 1.4% to A$3.730, their highest level since Feb. 19 
    ** Investment management co acquires 14.8% stake in real
estate investment co Hotel Property Investments  HPI.AX  for
A$97 mln ($63.24 mln)  
    ** 360 Capital Group  TGP.AX  says it has sold its strategic
stake in HPI for A$96.9 mln 
    ** Shares of HPI climb as much as 2.8%, while those of 360
Capital jump 19.6% 
    ** HPI shares hit their highest level since June 20, while
those of 360 Capital hit highest level since Aug. 18 
    ** Charter Hall and HPI up 1.9% and 13.9%, respectively,
this year, as of last close, while 360 Capital down 8.6% 
   
($1 = 1.5337 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))