Charter Hall swallows 15pc of pubs owner HPI

ASX-listed property fund manager Charter Hall has taken a near 15 per cent stake in $640 million listed pubs landlord HPI, fuelling speculation that a bout of M&A might be on the cards.

Together with one of its managed listed funds, the Charter Hall Retail REIT, Charter Hall has formed a joint venture to buy 14.8 per cent of HPI, becoming its largest shareholder.