Charter Hall Retail Real Estate Investment Trust (ASX:CQR) acquired 20% stake in Pacific Square, Maroubra and Bass Hill Plaza from Charter Hall Group (ASX:CHC) for AUD 36 million on September 18, 2019. The acquisition is being funded by sale proceeds from recently announced divestments. Proceeds from the sale will be reinvested across the platform to support other existing and new fund initiatives.

Charter Hall Retail Real Estate Investment Trust (ASX:CQR) completed the acquisition of 20% stake in Pacific Square, Maroubra and Bass Hill Plaza from Charter Hall Group (ASX:CHC) on September 18, 2019.