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Charter Hall Retail REIT fund manager to step down

Charter Hall Retail REIT's fund manager Scott Dundas plans to step down from the role following the company's annual general meeting Oct. 31.

Greg Chubb, group executive retail, will take over the management of the fund in the newly formed role of retail - CEO, effective Nov. 1.

The company said Dundas, who spent 19 years at the real estate investment trust, will remain available during 2018 to facilitate a smooth transition.

Chubb, who joined the REIT in 2014 as head of retail, will maintain his executive responsibilities in addition to overseeing the day-to-day management of the fund with deputy fund manager Christine Kelly.

Meanwhile, the company said its earnings guidance for full year 2018 remains unchanged.