Charter Hall completed the acquisition of a 10% stake in VIVA Energy REIT for $137m.

Charter Hall, an integrated property company, completed the acquisition of a 10% stake in VIVA Energy REIT, Australia's largest listed REIT owning solely service station and convenience retail properties, for $137m. "The divestment of our stake in VVR represents an important transaction for Viva Energy and its shareholders. Having brought VVR to market in 2016, we have maintained a strong strategic relationship with the vehicle as a capital partner with ownership of a substantial proportion of our network. VVR has performed exceptionally well since its listing, and as the main tenant of the vehicle, we look forward to continuing future opportunities to grow with VVR. By realising our equity in the vehicle at an attractive price, it also provides us with an opportunity to provide substantial returns to our shareholders and to continue to support our strong balance sheet," Scott Wyatt, VIVA Energy CEO.