An undisclosed buyer signed a contracted sale to acquire Southgate Square Shopping Centre in South Australia from Charter Hall Retail REIT (ASX:CQR) for AUD 91 million on December 12, 2023. Subsequently, Charter Hall announced the sale of Rosebud Plaza, Victoria for approximately AUD 130 million. Both sales follow unsolicited off-market offers and both sales are in-line with the June 2023 book valuations. The transaction is expected to close in February 2024.

An undisclosed buyer completed the acquisition of Southgate Square Shopping Centre in South Australia from Charter Hall Retail REIT (ASX:CQR) on February 26, 2024.