Charter Hall Retail REIT (CQR) has settled the sale of its asset in South Australia, Brickworks Marketplace, for AUD85 million.

The asset was held by the REIT in a Charter Hall Group-managed fund known as RP1, in which Charter Hall REIT has a 50% interest.

Telstra Super holds the remaining stake in the RP1 fund.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.