Gandel’s Charter Hall exit set to price at narrow premium

John Gandel’s exit from Charter Hall Group is on course to price at a narrow premium to the floor price as investors struggle to digest close to 20 per cent of the property landlord and funds maanger the volume.

According to sources the final price will hit $5.02 or $5.03.

Investors were asked to bid up from a floor price of $5 in 1c increments as Gandel rolls out of the real estate holding he has owned since the depths of the global financial crisis.