Charter Hall Retail REIT (ASX:CQR) - Managing Director & CEO, David Harrison
Managing Director & CEO, David Harrison
Source: South China Morning Post
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Charter Hall Retail REIT (CQR) appoints Ben Ellis as Retail CEO and CQR Fund Manager after Greg Chubb resigns
  • Ben Ellis has worked in various roles on the CQR portfolio for the past 21 years
  • In his most recent role, he was Head of Transactions across the company’s property platform, overseeing $25 billion of gross transactions over the last three years
  • Greg Chubb will leave in order to take up a senior role at Hong Kong listed Link REIT
  • Shares closed 0.24 per cent down today at $4.16 each

Charter Hall Retail REIT (CQR) has appointed Ben Ellis as Retail CEO and CQR Fund Manager after Greg Chubb resigned.

Ben Ellis has worked in various roles on the CQR portfolio for the past 21 years. He was initially responsible for Asset Management of the Australian portfolio, and then all aspects of the European Portfolio.

After this time, he became Head of Retail Wholesale where he managed wholesale partnerships between CQR and Telstra Super and Mercer.

In his most recent role, he was Head of Transactions across the company’s property platform, overseeing $25 billion of gross transactions over the last three years.

Mr Ellis will report to Group Managing Director and CEO David Harrison. He will replace Mr Chubb on the Group EXCO, and as executive director of the CQR Responsible Entity board, Charter Hall Retail Management.

“We are pleased to take advantage of the deep bench strength within Charter Hall to promote internally, with Ben having long term relationships with many of the people
working hard to drive value within the CQR portfolio, together with excellent tenant customer relationships,” Mr Harrison said.

“His very strong wholesale partner relationships will provide for a seamless transition. We
wish Greg well on his next career journey and thank him for his contribution.”

Greg Chubb resigned in order to take up a senior role at Hong Kong listed Link REIT.

The company also reiterated its expectations for FY22 earnings per unit to be no less than 28.2 cents per unit, representing growth of at least 3.3 per cent on FY21 earning per unit.

FY22 distributions per unit are reportedly expected to be no less than 24.3 cents per unit, representing growth of at least 3.8 per cent when compared to the previous year.

The company said it will report half yearly financial results on the February 23.

Shares closed 0.24 per cent down today at $4.16 each.

CQR by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Financials lead index higher after Trump inauguration | January 21, 2025

The local index clawed back losses throughout the afternoon as investors reacted to Trump’s impending decisions…
The Market Online Video

‘Where there’s risk, there’s reward’: Stab on asset manager the year’s first Hot Stock tip

Wealth Within senior analyst Fil Tortevski and analyst Pedro Banales have named their first HotCopper Hot Stock tip of the year,
REIT concept

Trump is banning work-from-home for Federal workers. Could our REIT index see contagion upside?

To answer the question at the top of the article, any benefit for Australian REIT stocks posed by Trump’s decision to ban work-from-home
Image of clinical researcher making notes

‘Significant’ new milestone for Recce in clinical testing of skin infection gel

Recce Pharmaceuticals Ltd has seen its share price rise more than 1% as it completes dosing…