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Charter Hall tops up on long-lease offices in $780m deal

Charter Hall tops up on long-lease offices in $780m deal We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement The Charter Hall property machine is powering up its office portfolio, spending $780 million on four properties and announcing an accelerated $250 million equity raising to partially fund the deals. Charter Hall has scooped up three office buildings and a life sciences building offloaded by South Korea’s AIP Asset Management group. The buildings will be owned in equal shares in two of the property manager’s vehicles, Charter Hall Direct Funds and the Charter Hall Long WALE REIT.

Charter Hall spends big on $780 million commercial portfolio

Charter Hall spends big on $780 million commercial portfolio Share Charter Hall’s acquisition of four commercial properties for $780 million has taken its buying spree this financial year to $7 billion and managing director David Harrison says there is more to come. In its latest foray, four Charter Hall funds have combined to buy South Korean financial services company AIP Asset Management’s Australian portfolio of four buildings with 70,000sq m of lettable space on an average yield of 5.2 per cent. Three of the buildings are long-leased government offices, a recurring Charter Hall theme, while the fourth is the Australian Red Cross Lifeblood headquarters in Alexandria, Sydney, which cost $159 million.

Charter Hall s REIT makes new acquisitions

Charter Hall s REIT makes new acquisitions
moneymanagement.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneymanagement.com.au Daily Mail and Mail on Sunday newspapers.

2 leading ASX 200 dividend shares to buy for income

2 leading ASX 200 dividend shares to buy for income
fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.

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