SYDNEY — Australian listed property trust Charter Hall Retail REIT saw an opportunity in the hardware sector and acted — acquiring four standalone Bunnings outlets for A$151 million in a deal that underlines its broader strategy to strengthen its net-lease convenience-retail platform.

The four properties, located in regional centres — Goulburn in New South Wales, and Toowoomba, Airlie Beach, and Cairns in Queensland — were secured under lease arrangements of up to ten years. These leases include fixed annual rent reviews in the range of 2.5 % to 3 %, giving CQR a solid yield base and predictable income stream.

CQR currently controls a large convenience-retail........

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