Charter Hall bidder competition

Company News

The Macquarie Group Limited (ASX:MQG) led consortium  in the running for Charter Hall Office Real Estate Investment Trust (ASX:CQO) could be facing some competition, after Charter Hall said they’d been approached by another party. That’s according to a report by the Australian Financial Review.

Charter Hall’s chief executive Adrian Taylor says the company has been approached by another party expressing informal interest in its Australian assets.

On Wednesday, the consortium led by Macquarie Group raised its bid by four cents a unit to $2.43.

For the year to June 30, 2011, Charter Hall Office Real Estate Investment Trust reported a net profit of $69 million.


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