Business Summary
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Charter Hall Retail REIT, formerly Macquarie CountryWide Trust, is a property investment company. It has five operating segments: Australian investment properties, New Zealand investment properties, European investment properties, United States investment properties and the real estate investment trust (REIT) operations. United States investment properties comprises controlled and joint venture investment properties. REIT operations include all non-property related activities, including derivative financial instruments, debt and expenses. In July 2010, the REIT entered into a 50% joint venture interest with the Charter Hall Core Plus Retail Fund to acquire two Australian properties. During the fiscal year ended June 30, 2010 (fiscal 2010), it disposed of 75% interest in a United States joint venture with Regency, Macquarie CountryWide-Regency II LLC (MCWR II). In March 2010, the REIT acquired two Australian properties. The Manager of the REIT is Charter Hall Retail Management Limited.
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