Charter Hall Retail REIT has made its best and final takeover offer for HPI

Charter Hall Retail REIT (ASX: CQR) announced an incredible opportunity to acquire all the stapled securities in Hotel Property Investments that the Bidder does not own. The Bidder, operating through Charter Hall Group, has significantly raised the Offer Price from AU$3.65 to AU$3.85 cash per HPI Security.

This Improved Offer Price has been declared best and final, providing a compelling 17.7% premium to HPI’s undisturbed AU$3.27 per security and an attractive 19.2x HPI’s forecast FY25 earnings. This offer ensures certainty of all-cash consideration, liquidity without the need to pay brokerage costs, and low execution risk.

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