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Charter Hall Retail REIT boosted by supermarket improvements

People & Companies / Latest News

Australia

Aug 16 2017

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Carolyn Cummins, The Sydney Morning Herald

Charter Hall Retail REIT has benefited from the turnaround in performance of its main supermarket tenants, which generate half its earnings across its 71 centres and new acquisitions of $282.6 million to boost the development pipeline. 

Woolworths, Coles and Aldi are the big money-earners for Charter Hall Retail, generating moving annual turnover growth of 3.8 per cent, thanks, in part, to the shift away from the constant discounting.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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