Australia's Charter Hall eyes best week in over 13 years after $151.5 mln assets sale

Charter Hall Retail REIT

15/12/2023 04:27

** Shares of Charter Hall Retail REIT  CQR.AX  rise as much
as 3.6% to A$3.770, set for best week since May 2, 2010 if gains
hold
    ** Stock rises for an eighth straight session, hitting its
highest level since Aug. 3
    ** Property investment management co said on Tuesday it sold
two shopping centres for A$225.5 mln ($151.45 mln)
    ** About 1.6 mln shares change hands by 0424 GMT on Friday,
compared with the 30-day average volume of 1.2 mln
    ** Stock down 5% YTD, as of last close

($1 = 1.4890 Australian dollars)

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))