Charter Hall Retail REIT
(ASX:CQR) has completed its fully underwritten $80 million institutional placement to partially fund the acquisition of Melbourne shopping centre Rosebud Plaza.
Charter Hall says approximately 21 million new units were issued to institutional investors at a fixed price of $3.80 per unit.
The placement was fully underwritten by Citigroup Global Markets Australia and Macquarie Capital who acted as joint lead managers, underwriters and bookrunners.
Units issued will settle on November 27, with allotment to occur on November 28.
Charter Hall last week entered an agreement to buy Rosebud Plaza for $100 million, excluding transaction costs, and entered a trading halt pending the release on an announcement about the capital raising.
Charter Hall delivered a net profit of $52.6 million in fiscal 2013.
