Charter Hall Retail's asset revaluation results have shown a slight fall in portfolio value as at 31 December 2012.
Plenty has been keeping Charter Hall Retail busy after the company gave an operational update for the first quarter of the 2013 financial year.
A $207 million deal has been struck between the two companies to jointly acquire a number of retail properties.
Charter Hall Retail REIT is expanding its portfolio with three additional acquisitions of sub-regional shopping centres in regional New South Wales.
Charter Hall has reported a 68.1 per cent drop in statutory profit after tax of $16.7 million for the full year of 2012.
Charter Hall's property funds management reported an EBITDA of $23.3 million, representing 36 per cent of the group’s total EBITDA.
Charter Hall Retail REIT (REIT) has delivered solid operating earnings growth of $86.3 million, which was mainly driven by its Australian portfolio.
Charter Hall has announced the unexpected retirement of Glenn Fraser, a non-executive director, from the board effective immediately.
Charter Hall Retail's asset revaluation has revealed the value of its Australian portfolio decreased by 0.5 per cent at 30 June 2012.
Charter Hall has added Bay Village Shopping Centre in NSW to its growing shopping centre portfolio.
Kristy Huxtable will join the company as joint company secretary while Scott Dundas was announced as fund manager for REIT.
Charter Hall’s $565 million wholesale Core Plus Industrial Fund has acquired a 50 per cent freehold interest in the Metcash regional distribution centre in Perth.