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The drawn-out process to find a new CEO had cast some uncertainty over GPT which, like other listed real estate investment trusts, is battling headwinds in commercial property sector driven by higher interest rates.
Australia's biggest landlords and developers played down concerns about inflated commercial property valuations at a conference on Tuesday, while acknowledging economic uncertainty was making investors and renters more cautious.
Charter Hall (ASX:CHC) share price slips despite positive update
Aaron Teboneras | April 15, 2021 12:58pm |
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Charter Hall Group(ASX: CHC) share price is backtracking in late morning trade despite announcing a medium-term note issuance. At the time of writing, the property company’s shares are fetching for $13.34, down 1.1%.
What did Charter Hall update the ASX with?
In its announcement, Charter Hall advised it has secured $250 million of debt through the issuance of Australian medium-term notes. The transaction was strongly supported by domestic and international investors. It is expected that the increased liquidity will drive investment opportunities and improve earnings.