ASX-listed property fund manager Charter Hall has taken a near 15 per cent stake in $640 million listed pubs landlord HPI, fuelling speculation that a bout of M&A might be on the cards.
Together with one of its managed listed funds, the Charter Hall Retail REIT, Charter Hall has formed a joint venture to buy 14.8 per cent of HPI, becoming its largest shareholder.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
