- Charter Hall Group (ASX: CHC) has announced management changes to its real estate investment trust (REIT), the Charter Hall Social Infrastructure REIT (CQE)
- Nick Anagnostou will leave CQE after many years of managing the group
- Travis Butcher will take Nick’s position after being his deputy for 11 years
- On market close, CQE is down slightly and trading at $3.55 per share, While Charter Hall Group is up 1.12 per cent and trading at $10.81 apiece
Charter Hall Group has announced management changes to its real estate investment trust (REIT), the Charter Hall Social Infrastructure REIT (CQE).
CQE is Australia’s largest ASX-listed real estate investment trust, that invests in early learning properties. CQE is managed by Charter Hall.
Nick Anagnostou will leave CQE after many years of managing the group. Nick has left to pursue other opportunities after a well-earned break.
The group says, Travis Butcher, who has been deputy to Nick for the past 11 years, will take the lead role as Fund Manager of CQE, starting immediately.
Head of Diversified Finance and former Folkestone Chief Financial Officer, will take on the role of finance functions for CQE.
Managing Director and Group CEO, David Harrison says the changes are good for the company, as it prepares for the next phase of growth.
“With CQE now exceeding a $1.1 billion portfolio value across over 420 properties, the dedicated management team lead by Travis will work to drive the next phase of growth whilst continuing the focus on strong tenant customer relationships, WALE enhancement and diversification,” David said.
“We thank Nick for his dedicated service and wish him well in his career,” he added.
Chief Investment Officer Sean McMahon believes that Travis is the best fit for the company.
“Under Travis’ guidance, CQE will continue to execute its strategy to be a leading provider of early learning accommodation and build its social infrastructure portfolio by investing in properties with predictable and secure long-term income with the opportunity for capital growth and high underlying land value,” Sean said.
On market close, CQE is down slightly and trading at $3.55 per share, While Charter Hall Group is up 1.12 per cent and trading at $10.81 apiece.