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CHARTER HALL GROUP — Annual Report 2012
Feb 27, 2013
64645_rns_2013-02-27_73f14f3f-5036-4cfa-8480-c2f575424724.pdf
Annual Report
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Charter Hall Group
| Charter Hall Group 4 Our Funds 6 Listed REIT Charter Hall Retail REIT 10 Unlisted Wholesale Funds Charter Hall Direct Retail Fund (DRF) 22 Charter Hall Offce Trust (CHOT) 28 Core Plus Offce Fund (CPOF) 42 Core Plus Industrial Fund (CPIF) 56 Charter Hall Opportunity Fund No.4 (CHOF4) 70 Charter Hall Opportunity Fund No.5 (CHOF5) 72 Unlisted Retail Funds Direct Property Fund (CHDPF) 78 Diversifed Property Fund (DPF) 90 Direct Industrial Fund (DIF) 96 130 Stirling Street (CHIF7) 104 144 Stirling Street (CHIF8) 106 No. 1 Martin Place Trust (1MPT) 108 PFA Diversifed Property Trust 110 685 LaTrobe Street Melbourne 120 Index 122 Further Information 127 |
|
|---|---|
Cover: No.1 Martin Place, Sydney NSW
2 | Charter hall ProPerty PortFolIo DeCember 2012
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occupancy[1] 98%
Funds Under management (FUm) as at 26 February 2013 bn $10.0
Weighted average lease expiry (Wale)[1] 6.1 years
Development book and Pipeline bn $1.3
Weighted average rental review[1] 3.9%
Allianz Centre, 2 Market Street, Sydney NSW
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Charter Hall Group
Charter Hall is one of Australia’s leading fully integrated property groups, with over 21 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients.
We have a $10 billion predominately australian property portfolio focused on the core real estate sectors of office, retail and industrial. We are the largest third party manager of australian office and grocery anchored retail centre assets, and have the third largest managed industrial property portfolio.
As an integrated property group, our 260 property specialists deliver professional services across the full property spectrum
from investment management to property management to development.
We believe sustainability is a key element to good business and that by ensuring our actions are not only commercially sound but that they make a difference to our people, our customers and the environment in which we work and live, we can contribute in a positive way.
| Western Australia | |
|---|---|
| 21 properties | |
| Offce | 7 |
| Industrial | 3 |
| Retail | 11 |
As at 26 February 2013
| Total | Offce | Retail | Retail | Industrial | Developemnt | |||
|---|---|---|---|---|---|---|---|---|
| No. of properties 195 55 108 32 n/a |
||||||||
| NLA (sqm) 2,527,525sqm 939,164sqm 947,312sqm 641,050sqm n/a |
||||||||
| Value ($bn) $10.0 $5.6 $3.0 $1.0 $0.4 |
||||||||
| Office 56% | ||||||||
| Retail 30% Development 4% Industrial 10% |
Office 56% | |||||||
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4 | ChArter hAll ProPerty PortFolIo DeCember 2012
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Charter hall aims to outperform investment benchmarks, achieving high levels of tenant retention and rental growth across 195 assets.
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Queensland
35 properties
Office 7
Industrial 10
Retail 18
South Australia
6 properties New South Wales
Office 3 71 properties
Industrial 2
Retail 1 Office 24
Industrial 5
Retail 42
Australian Capital Territory
5 properties
Office 1
Retail 4
Victoria
36 properties
Office 12
Industrial 12
Retail 12
Tasmania
5 properties
Office 1
Industrial 1
Retail 3
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Listed REIT
Charter Hall Retail REIT (ASX:CQR)
| Assets | 91 |
|---|---|
| Gross property assets | $2,181 million |
| Balance sheet gearing | 38.7% |
| WALE (all tenancies) | 6.4 years |
| Occupancy | 98% |
| Charter Hall co-investment | $99.2 million (9.0%) |
Unlisted Wholesale Funds
| Direct Retail Fund (DRF) | |
|---|---|
| Assets | 3 |
| Gross property assets | $83 million |
| Look-through gearing | 45.5% |
| Capitalisation Rate | 9.57% |
| WALE | 4.9 years |
| Occupancy | 99% |
| Charter Hall co-investment $29.5 million (65.9%) |
Charter Hall Office Trust (CHOT)
| Assets | 18 |
|---|---|
| Gross property assets | $2,051 million |
| Look-through gearing | 44.3% |
| Capitalisation Rate | 7.75% |
| WALE | 4.6 years |
| Occupancy | 99% |
| Charter Hall co-investment $155.9 million (15.2%) |
Core Plus Office Fund (CPOF)[1]
| Core Plus Offce Fund (CPOF)1 | |
|---|---|
| Assets | 13 |
| Gross property assets $1,681 million |
|
| Look-through gearing | 34.2% |
| Capitalisation Rate | 7.83% |
| WALE | 5.2 years |
| Occupancy | 97% |
| Charter Hall co-investment $115.6 million (13.7%) | |
| Core Plus Industrial Fund (CPIF) | |
| Assets | 19 |
| Gross property assets | $626 million |
| Look-through gearing | 35.9% |
| Capitalisation Rate | 8.21% |
| WALE | 11.0 years |
| Occupancy | 99% |
| Charter Hall co-investment $55.3 million (18.0%) | |
| Charter Hall Opportunity Fund No.4 | (CHOF4) |
| Asset | 1 |
| Gross property assets | $90 million |
| Charter Hall co-investment | 3% |
| Charter Hall Opportunity Fund No.5 | (CHOF5) |
| Assets | 5 |
| Gross property assets | $333 million |
| Charter Hall co-investment | 15% |
11 Exhibition Street, Melbourne Vic
6 | Charter hall ProPerty PortFolIo DeCember 2012
Unlisted Retail Funds
Direct Property Fund (CHDPF)
| Assets | 9 |
|---|---|
| Gross property assets | $523 million |
| Look-through gearing | 47% |
| Capitalisation Rate | 8.37% |
| WALE | 4.2 years |
| Occupancy | 95% |
| Charter Hall co-investment $10.7 million (3.9%) | |
| ersifed Property Fund (DPF) | |
| Assets | 5 |
| Gross property assets | $68 million |
| Gearing | 44.6% |
| Capitalisation Rate | 8.38% |
| WALE | 5.9 years |
| Occupancy | 96% |
| Charter Hall co-investment $8.2 million (19.6%) | |
| arter Hall Umbrella Fund (CHUF)1 | |
| Assets | 55 |
| Gross property assets | $136 million |
| Look-through gearing | 36% |
| WALE | 7.4 years |
| Occupancy | 98% |
| Charter Hall co-investment $39.0 million (27.1%) |
Diversified Property Fund (DPF)
Charter Hall Umbrella Fund (CHUF)[1]
| Direct Industrial Fund (DIF) | |
|---|---|
| Assets | 7 |
| Gross property assets | $207 million |
| Look-through gearing | 45% target |
| Capitalisation Rate | 8.01% |
| WALE | 12.8 years |
| Occupancy | 100% |
| Charter Hall co-investment | $0.2million (0.2%) |
130 Stirling Street (CHIF7)
| 0 Stirling Street (CHIF7) | |
|---|---|
| Assets | 1 |
| Gross property assets | $84 million |
| Gearing | 40.5% |
| Capitalisation Rate | 8.50% |
| WALE | 6.3 years |
| Occupancy | 100% |
144 Stirling Street (CHIF8)
| 4 Stirling Street (CHIF8) | |
|---|---|
| Asset | 1 |
| Gross property assets | $55 million |
| Gearing | 45% |
| Capitalisation Rate | 8.50% |
| WALE | 7.2 years |
| Occupancy | 100% |
No.1 Martin Place Trust (1MPT)
| Assets | 1 |
|---|---|
| Gross property assets | $213 million |
| Gearing | 36% |
| Capitalisation Rate | 6.70% |
| WALE | 2.7 years |
| Occupancy | 96% |
| arter Hall Investment Funds | (CHIF) 2-62 |
| Assets | 5 |
| Gross property assets | $76 million |
| WALE | 4.5 years |
| Occupancy | 100% |
| A Diversifed Property Trust | |
| Assets | 13 |
| Gross property assets | $414 million |
| Capitalisation Rate | 9.19% |
| WALE | 3.9 years |
| Occupancy | 96% |
| Charter Hall co-investment $0.2million (0.1%) |
Charter Hall Investment Funds (CHIF) 2-6[2]
PFA Diversified Property Trust
1.ChUF is not a direct owner of property assets 2. aggregated across the various Funds
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listed reIt
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8 | Charter hall ProPerty PortFolIo DeCember 2012
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Wanneroo Central, Wanneroo WA
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Lake Macquarie Fair, Mount Hutton
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10 | Charter hall ProPerty PortFolIo DeCember 2012
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Charter Hall Retail REIT
Charter Hall Retail REIT is a specialist REIT with over 17 years experience in owning and managing Australian retail properties.
With an active management strategy focused on maximising total returns, the REIT aims to offer unitholders an investment product that provides a growing and secure income stream from its portfolio of grocery anchored shopping centres.
Australian Portfolio Statistics
Tenants
2% of total australian base rent
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Woolworths 28%
Coles Group 25%
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Annual lease expiry
by annual base rent
| FY13 | 5% | ||
|---|---|---|---|
| FY14 | 11% | ||
| FY15 | 11% | ||
| FY16 | 7% | ||
| FY17 | 12% | ||
| FY18 | 7% | ||
| FY19 | 4% | ||
| FY20 | 5% | ||
| FY21+ | 38% |
CQR Portfolio Summary
| CQR Portfolio Summary | ||
|---|---|---|
| AUSTRALIA | NON-CORE OFFSHORE PORTFOLIO | |
| Number of properties 75 16 |
||
| Gross lettable area (CQR share, ‘000sqm) 480.2 211.8 |
||
| Valuation (CQR share, $m) 1,645.2 413.3 |
||
| NTA per unit ($) 3.05 0.26 |
||
| Proportion of NTA 92% 8% |
||
| Operational performance metrics | ||
| Same property NOI growth 3.0% -0.3% |
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| Occupancy 98.5% 96.6% |
||
| Specialty rental rate growth 3.7% -5.4% |
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| Portfolio WALE (years) 7.1 3.4 |
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Charter hall retaIl reIt | 11
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Charter Hall Retail REIT
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West Ryde Marketplace, West Ryde NSW
12 | Charter hall ProPerty PortFolIo DeCember 2012
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Charter Hall Retail REIT
New South Wales
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Windsor marketplace, Windsor
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| sUmmary | ||
|---|---|---|
| number of properties | 33 | |
| number of tenancies | 719 | |
| total GlA (sqm) ValUatIon |
199,716 | |
| Valuation | $739.0 million | |
| Value ($/sqm) | $3,700 | |
| Capitalisation rate | 8.24% | |
| Discount rate tenanCy statIstICs |
9.53% | |
| Wale (by income) | 8.3 years | |
| occupancy major tenants |
98.8% abr1ContrIbUtIon (%) |
|
| Woolworths | 24.6% | |
| Coles | 17.4% | |
| bigW | 5.6% | |
| target | 3.2% | |
| Kmart | 1.6% | |
| ProPerty oWnershIP (%) | ClassIFICatIon | |
| bathurst Chase, bathurst | 100% | neighbourhood |
| Cooma Woolworths, Cooma | 100% | Freestander |
| Cootamundra Woolworths, Cootamundra |
100% | Freestander |
| Dubbo Square, Dubbo | 100% | sub-regional |
| earlwood Coles, earlwood | 100% | Freestander |
| Pemulwuy marketplace, Greystanes | 50% | neighbourhood |
| mackenzie mall, Glen Innes | 100% | neighbourhood |
thornleigh marketplace, thornleigh
| ProPerty oWnershIP (%) | ProPerty oWnershIP (%) | ClassIFICatIon |
|---|---|---|
| Goonellabah Village, Goonellabah | 100% | neighbourhood |
| Gordon Village Centre, Gordon | 100% | neighbourhood |
| Carnes hill marketplace, horningsea Park |
50% | sub-regional |
| Jerrabomberra Village, Jerrabomberra | 100% | neighbourhood |
| Kings langley Shopping Centre, Kings langley |
100% | neighbourhood |
| highlands marketplace, mittagong | 50% | sub-regional |
| balo Square, moree | 100% | neighbourhood |
| morisset ShoppingCentre, morisset | 100% | neighbourhood |
| lake macquarie Fair, mount hutton | 100% | sub-regional |
| mount hutton Plaza, mount hutton | 100% | neighbourhood |
| mudgee metroplaza, mudgee | 100% | neighbourhood |
| Sunnyside mall, murwillumbah | 100% | neighbourhood |
| Narrabri Coles, Narrabri | 100% | Freestander |
| Kierath’s Shopping Square, narromine |
100% | neighbourhood |
| orange Central, orange | 100% | neighbourhood |
| Parkes metroplaza, Parkes | 100% | neighbourhood |
| rosehill Woolworths, rosehill | 100% | Freestander |
| rutherford marketplace, rutherford | 50% | neighbourhood |
| Gowrie Street mall, Singleton | 100% | sub-regional |
| tamworth City Plaza, tamworth | 100% | sub-regional |
| thornleigh marketplace, thornleigh | 50% | neighbourhood |
| tumut Coles, tumut | 100% | Freestander |
| Wellington Coles, Wellington | 100% | Freestander |
| West ryde marketplace, West ryde | 50% | neighbourhood |
| Windsor marketplace, Windsor | 50% | neighbourhood |
| youngWoolworths, young | 100% | Freestander |
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note: 1. annual base rent
Charter hall retaIl reIt | 13
Charter Hall Retail REIT
Victoria
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Pakington Strand, Geelong West
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sUmmary
number of properties 9
number of tenancies 130
total GlA (sqm) 56,912
ValUatIon
Valuation $134.2 million
Value ($/sqm) $2,357
Capitalisation rate 8.40%
Discount rate 9.73%
ProPerty oWnershIP (%) ClassIFICatIon
bairnsdale Coles, bairnsdale 100% Freestander
lansell Square, bendigo 100% sub-regional
Pakington Strand, Geelong West 50% neighbourhood
Safeway Kerang, Kerang 100% Freestander
Kyneton Shopping Centre, Kyneton 100% neighbourhood
olive tree Shopping Centre,
100% neighbourhood
lilydale
moe Coles, moe 100% Freestander
moe Kmart, moe 100% Freestander
home hQ Nunawading,
50% household retail
nunawading
tenanCy statIstICs
Wale (by income) 5.5 years
occupancy 98.4%
major tenants abr ContrIbUtIon (%)
Woolworths 21.9%
Coles 15.1%
Kmart 10.2%
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Queensland
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bribie Island Shopping Centre, bribie Island
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sUmmary
number of properties 14
number of tenancies 351
total GlA (sqm) 94,316
ValUatIon
Valuation $360.7 million
Value ($/sqm) $3,824
Capitalisation rate 8.32%
Discount rate 9.82%
ProPerty oWnershIP (%) ClassIFICatIon
Albany Creek Square, Albany Creek 100% neighbourhood
tablelands Village, Atherton 100% neighbourhood
bribie Island Shopping Centre,
100% sub-regional
bribie Island
Caboolture Park shopping
100% sub-regional
Centre, Caboolture
Currimundi markets, Currimundi 100% neighbourhood
Gatton Plaza, Gatton 100% neighbourhood
Gladstone Square, Gladstone 50% neighbourhood
bay Plaza, hervey bay 100% neighbourhood
Kallangur Fair, Kallangur 100% neighbourhood
Sydney Street markets, mackay 100% neighbourhood
mareeba Plaza, mareeba 100% neighbourhood
moranbah Fair, moranbah 100% neighbourhood
Allenstown Plaza, rockhampton 100% neighbourhood
Springfield Fair, Springfield 100% neighbourhood
tenanCy statIstICs
Wale (by income) 5.9 years
occupancy 99.1%
major tenants abr ContrIbUtIon (%)
Woolworths 21.1%
Coles 20.4%
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14 | ChArter hAll ProPerty PortFolIo DeCember 2012
South Australia
Western Australia
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Wharflands Plaza, Port Augusta
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sUmmary
number of properties 2
number of tenancies 41
total GlA (sqm) 21,700
ValUatIon
Valuation $48.4 million
Value ($/sqm) $2,229
Capitalisation rate 8.85%
Discount rate 9.65%
ProPerty oWnershIP (%) ClassIFICatIon
Wharflands Plaza, Port Augusta 100% sub-regional
renmark Plaza, renmark 100% sub-regional
tenanCy statIstICs
Wale (by income) 6.7 years
occupancy 99.0%
major tenants abr ContrIbUtIon (%)
big W 32.2%
Woolworths 29.4%
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Wanneroo Central, Wanneroo
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sUmmary
number of properties 11
number of tenancies 232
total GlA (sqm) 83,966
ValUatIon
Valuation $250.5 million
Value ($/sqm) $2,983
Capitalisation rate 8.04%
Discount rate 9.66%
ProPerty oWnershIP (%) ClassIFICatIon
Albany Plaza, Albany 100% sub-regional
ballajura Central , ballajura 100% neighbourhood
Carnarvon Central, Carnarvon 100% neighbourhood
Collie Central, Collie 100% neighbourhood
esperance boulevard, esperance 100% neighbourhood
Kalgoorlie Central, Kalgoorlie 100% neighbourhood
maylands Coles, maylands 100% Freestander
Narrogin Coles, Narrogin 100% Freestander
South hedland Shopping Centre,
100% sub-regional
south hedland
Swan View Shopping Centre,
100% neighbourhood
swan View
Wanneroo Central, Wanneroo 50% sub-regional
tenanCy statIstICs
Wale (by income) 6.2 years
occupancy 97.8%
major tenants abr ContrIbUtIon (%)
Coles 17.4%
Woolworths 16.7%
Kmart 9.5%
target 4.3%
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Charter hall retaIl reIt | 15
Charter Hall Retail REIT
ACT
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erindale Shopping Centre, Wanniassa
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sUmmary
number of properties 3
number of tenancies 59
total GlA (sqm) 17,145
ValUatIon
Valuation $89.4 million
Value ($/sqm) $5,213
Capitalisation rate 7.62%
Discount rate 8.87%
ProPerty oWnershIP (%) ClassIFICatIon
Dickson Woolworths, Dickson 100% Freestander
manuka terrace, manuka 100% neighbourhood
erindale Shopping Centre,
100% neighbourhood
Wanniassa
tenanCy statIstICs
Wale (by income) 7.6 years
occupancy 96.1%
major tenants abr ContrIbUtIon (%)
Woolworths 28.6%
Coles 16.8%
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Tasmania
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Newstead Coles, Newstead
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sUmmary
number of properties 3
number of tenancies 4
total GlA (sqm) 6,446
ValUatIon
Valuation $23.0 million
Value ($/sqm) $3,568
Capitalisation rate 7.34%
Discount rate n/a
ProPerty oWnershIP (%) ClassIFICatIon
Newstead Coles, Newstead 100% Freestander
Smithton Woolworths, Smithton 100% Freestander
Wynyard Woolworths, Wynyard 100% Freestander
tenanCy statIstICs
Wale (by income) 8.9 years
occupancy 100%
major tenants abr ContrIbUtIon (%)
Woolworths 62.9%
Coles 34.8%
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16 | Charter hall ProPerty PortFolIo DeCember 2012
Non-core offshore portfolio
Poland
Dabrowka, Katowice
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sUmmary
number of properties 5
number of tenancies 347
total GlA (sqm) 64,899
ValUatIon
Valuation €183.0 million
Value (€/sqm) €2,820
Capitalisation rate 9.59%
Discount rate 8.56%
ProPerty oWnershIP (%)
Arena, Gliwice 100%
borek, Wroclaw 100%
Dabrowka, Katowice 100%
turzyn, Szczecin 100%
Zakopianka, Krakow 100%
tenanCy statIstICs
Wale (by income) 2.9 years
occupancy 96.5%
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Germany
Alt Chemnitz Center, Chemnitz
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sUmmary
number of properties 2
number of tenancies 93
total GlA (sqm) 97,115
ValUatIon
Valuation €86.0 million
Value (€/sqm) €885
Capitalisation rate 9.00%
Discount rate 7.00%
ProPerty oWnershIP (%)
Alt Chemnitz Center, Chemnitz 100%
burgaupark Jena, Jena 100%
tenanCy statIstICs
Wale (by income) 2.7 years
occupancy [1] 100%
major tenants abr ContrIbUtIon (%)
toom (jena) [2] 73.8%
mobel Walther ag 14.1%
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-
represents occupancy of jena only. Chemnitz is under redevelopment
-
Includes master lease
ChArter hAll retAIl reIt | 17
Charter Hall Retail REIT
Non-core offshore portfolio
New Zealand
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Countdown, beckenham
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| sUmmary | |
|---|---|
| number of properties* | 2 |
| number of tenancies | 2 |
| total GlA (sqm) ValUatIon |
3,561 |
| Valuation | nZ$8.2 million |
| ownership | 50% |
United States
| murray | landing, South Carolina | |
|---|---|---|
| sUmmary | ||
| number of properties | 7 | |
| number of tenancies | 113 | |
| total GlA (sqm) ValUatIon |
46,258 | |
| Valuation ProPerty |
US$67.4 million oWnershIP (%) |
|
| hilltop Village, Colorado | 75% | |
| Kleinwood Center, texas | 75% | |
| murray landing, South Carolina | 75% | |
| Vineyard ShoppingCenter, Florida | 75% | |
| Centennial Crossroads Plaza, Nevada | 100% | |
| Powers Ferry Kroger, Georgia | 100% | |
| Woodstock Crossing, Georgia | 100% |
18 | Charter hall ProPerty PortFolIo DeCember 2012
Windsor Marketplace, Windsor NSW
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Charter hall retaIl reIt | 19
Unlisted Wholesale Funds
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Volkswagen Distribution Centre, Chullora NSW
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UnlIsteD Wholesale FUnDs | 21
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Menai Central, Menai NSW
22 | Charter hall ProPerty PortFolIo DeCember 2012
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Charter Hall Direct Retail Fund
Charter Hall’s Direct Retail Fund (DRF) invests directly in quality retail properties with a property portfolio of three retail shopping centres located in established markets in New South Wales, Victoria and Queensland.
Fund Statistics
Top 10 tenants by gross income
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Fantastic Furniture 8%
Dan Murphy’s 6%
Spotlight 6%
Franklins Supermarkets 5%
Goodlife Gyms 5%
Bev Mark Beds 5%
Trade Secret 5%
Nick Scali 4%
The Good Guys 4%
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Annual lease expiry
by gross income
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Vacant 1%
FY13 5%
FY14 5%
FY15 11%
FY16 14%
FY17 36%
FY18 2%
FY19 20%
FY20 6%
FY21+ 0%
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Charter hall DIreCt retaIl FUnD | 23
Fund Statistics
Rent review split over next 12 months
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CPI 37% Fixed 63%
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Tenant contribution by passing income
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National retailers [1] 29%
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Other specialties 71%
note
- National retailers include Woolworths Group, Franklins, IGA, KFC, Jb hiFi, National banks, the Good Guys and Dick Smiths.
Sector diversification by gross income
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Neighbourhood 29%
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Sub regional 71%
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24 | ChArter hAll ProPerty PortFolIo DeCember 2012
Property Portfolio
December 2012 Capitalisation rate 9.57%
December 2012 Discount rate
10.74%
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----- Start of picture text -----
DRF DEC 2012 WALE WEIGHTED ANNuAL
OWNERSHIP (%) VALuATION (A$M) (yEARS) RENT REVIEWS (%)
Menai Central,
100% 31.5 5.7 3.10%
sydney nsW
Home HQ Nunawading,
50% 27.7 4.2 3.67%
melbourne Vic
Home HQ Ipswich,
100% 23.5 4.6 3.69%
Ipswich Qld
TOTAl/WEIGHTED AVERAGE 82.7 4.9 3.46%
----- End of picture text -----
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Charter hall DIreCt retaIl FUnD | 25
Charter Hall Direct Retail Fund
Menai Central sydney nsW
Home HQ Nunawading melbourne Vic
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menai Central is a modern neighbourhood shopping centre comprising six separate buildings. menai is an established residential neighbourhood located within the sutherland shire local Government Area, approximately 28 kilometres south of the sydney CbD.
home hQ nunawading is a modern two-level household retail centre located on Whitehorse road in Nunawading, approximately 25 kilometres east of the melbourne CbD.
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----- Start of picture text -----
sUmmary sUmmary
year built (or refurbished) 2002 year built (or refurbished) 2007
Classification neighbourhood Classification household retail
ownership 100% ownership 50%
total NlA (sqm) 10,799 total NlA (sqm) 22,871
Car spaces 275 Car spaces 417
ValUatIon (31 DeCember 2012 booK ValUe) ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $31.5 million Valuation (50%) $27.7 million
Value ($/sqm) $2,917 Value ($/sqm) $2,420
last external valuation date 31 December 2012 last external valuation date 30 june 2012
Valuer savills Valuer m3 property
tenanCy statIstICs tenanCy statIstICs
Wale (by income) 5.7 years Wale (by income) 4.2 years
occupancy 99% occupancy 99%
major tenants nla (sQm) major tenants nla (sQm)
goodlife gym 1,839 the good guys 3,443
Franklin supermarkets 1,617 bev marks beds 3,359
Dan murphy’s 1,548 nick scali Furniture 2,667
----- End of picture text -----
26 | Charter hall ProPerty PortFolIo DeCember 2012
Home HQ Ipswich Ipswich Qld
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home hQ Ipswich is a newly-built household retail centre that was completed in 2009. the property is located close by to the Ipswich CbD and approximately 30 kilometres south-west of the brisbane CbD on a major transport corridor within a growing residential catchment area.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 2009
Classification household retail
ownership 100%
total NlA (sqm) 12,903
Car spaces 257
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $23.5 million
Value ($/sqm) $1,821
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 4.6 years
occupancy 100%
major tenants nla (sQm)
Fantastic Furniture 3,696
spotlight 3,229
----- End of picture text -----
Home HQ Ipswich, Ipswich Qld
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----- Start of picture text -----
Argus Centre, 300 LaTrobe Street, Melbourne Vic
----- End of picture text -----
28 | Charter hall ProPerty PortFolIo DeCember 201228 | Charter hall ProPerty PortFolIo DeCember 2012
Charter Hall Office Trust
Charter Hall Office Trust is a leading unlisted wholesale real estate investment fund focused on investing in high grade office buildings predominantly located in major business districts across Australia.
Austraila Portfolio Statistics
Top 10 tenants by gross income
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----- Start of picture text -----
Australian Government 18%
Macquarie Group Ltd 10%
Telstra Corporation Ltd 8%
Citigroup 5%
Allianz 4%
Aurizon 3%
Wilson Parking 2%
Gilbert & Tobin 2%
Mediacom 2%
Caltex 2%
----- End of picture text -----
Annual lease expiry by net lettable area
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----- Start of picture text -----
Vacant 1%
FY13 4%
FY14 8%
FY15 25%
FY16 12%
FY17+ 50%
----- End of picture text -----
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Charter hall oFFICe trUst | 29
Fund Statistics
Asset diversification
by current value
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----- Start of picture text -----
171 Collins Street, Melbourne 4% ATO Moonee Ponds 4%
5 Queens Road, St Kilda Road 3%
Argus Centre, Melbourne 8%
2 Park Street, Sydney 19%
150 Lonsdale Street, Melbourne 7%
Australia Place, Canberra 1%
175 Eagle Street, Brisbane 8%
No.1 Martin Place, Sydney 11%
Capital Hill, Brisbane 3%
Eastpoint Plaza, Perth 3%
2 Market Street, Sydney 9%
ATO, Newcastle 2%
59 Goulburn Street, Sydney 4%
The Denison, North Sydney 5%
Wentworth Place, Parramatta 1%
Charter Grove, St Leonards 4% Avaya House, Macquarie Park 4%
----- End of picture text -----
Tenant type diversification by gross income
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----- Start of picture text -----
Investment grade 61% [1]
----- End of picture text -----
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----- Start of picture text -----
Other 21%
Government 18%
----- End of picture text -----
NABERS Energy rating (with GreenPower)
| nabers energy ratIng | |
|---|---|
| 2 Park Street, Sydney | |
| No.1 martin Place, Sydney | |
| 2 market Street, Sydney (tower) | |
| 2 market Street, Sydney (forecourt) | |
| 59 Goulburn Street, Sydney | |
| the Denison, North Sydney | |
| NCr house, North Sydney | |
| Charter Grove, St leonards | |
| 123 epping road, North ryde | |
| Wentworth Place, Parramatta | |
| nabers energy ratIng | |
|---|---|
| Ato, Newcastle | |
| 150 lonsdale Street, melbourne | |
| Argus Centre, melbourne | |
| 5 Queens road, St Kilda | |
| Ato, moonee Ponds | |
| 175 eagle Street, brisbane | |
| Capital hill, brisbane | |
| eastpoint Plaza, Perth | |
| Australia Place, Canberra | |
- Includes widely recognised professional service firms
30 | Charter hall ProPerty PortFolIo DeCember 2012
Property Portfolio
December 2012 Capitalisation rate
7.75%
December 2012 Discount rate
9.21%
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----- Start of picture text -----
CQO DEC 2012 WALE WEIGHTED AVG RENT
OWNERSHIP % BOOk VALuE A$M (yEARS) REVIEWS (%)
2 Park Street
50% 385.0 5.3 4.00%
sydney nsW
No. 1 Martin Place
50% 210.0 2.7 4.50%
sydney nsW
2 Market Street
50% 178.5 5.5 3.97%
sydney nsW
59 Goulburn Street
100% 86.0 2.9 4.03%
sydney nsW
The Denison 65 berry Street,
100% 88.0 5.3 4.09%
north sydney nsW
Charter Grove 29-57 Christie
100% 83.0 4.1 4.23%
Street, St leonards NSW
Avaya House 123 epping
100% 75.5 3.2 3.76%
road, North ryde NSW
Wentworth Place 9 Wentworth
100% 25.4 4.5 3.50%
street Parramatta nsW
ATO 266 King Street,
100% 47.8 4.3 3.50%
newcastle nsW
Argus Centre 300 latrobe
100% 167.1 9.5 3.62%
Street, melbourne Vic
150 lonsdale Street
100% 135.0 2.2 3.60%
melbourne Vic
171 Collins Street melbourne
50% 89.8 n/a n/a
Vic (Development)
5 Queens Road
100% 66.0 3.2 3.79%
melbourne Vic
ATO Moonee Ponds 6-20
100% 81.0 7.1 6.84%
Gladstone Street, melbourne Vic
175 Eagle Street
100% 150.5 5.4 4.18%
brisbane Qld
Capital Hill 83-85 george
100% 48.5 3.3 3.49%
Street, brisbane Qld
Eastpoint Plaza 233-237
100% 62.8 3.3 4.26%
Adelaide terrace, Perth WA
Australia Place 14 mort Street,
100% 25.5 2.8 0.00%
Canberra aCt
TOTAl/WEIGHTED
2005.3 4.7 4.02%
AVERAGE
----- End of picture text -----
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Charter hall oFFICe trUst | 31
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----- Start of picture text -----
Allianz Centre , 2 Market Street, Sydney NSW
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32 | Charter hall ProPerty PortFolIo DeCember 2012
Charter Hall Office Trust
CitiCentre 2 Park Street, Sydney NSW
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Premium grade 47 level office tower located in the Sydney CbD directly opposite the Queen Victoria building and sydney town hall.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 2000
grade Premium
ownership 50%
jV partner general Property trust (gPt)
total NlA (sqm) 73,582
typical floor plate (sqm) 1,865
Car spaces 284
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (50%) $385.0 million
Value ($/sqm) $10,423
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 5.4 years
occupancy 100%
major tenants nla (sQm)
Citi 25,488
gilbert and tobin 9,280
royal bank of Canada 6,987
----- End of picture text -----
No.1 Martin Place sydney nsW
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Prime office building located in the Sydney CbD on the prestigious gPo site in martin Place.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 1999
grade Prime
ownership 50%
jV partner no. 1 martin Place trust
total NlA (sqm) 40,237
typical floor plate (sqm) 1,672
Car spaces 374
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (50%) $210.0 million
Value ($/sqm) $10,438
last external valuation date 31 December 2012
Valuer Colliers
tenanCy statIstICs
Wale (by income) 2.7 years
occupancy 96%
major tenant nla (sQm)
macquarie Group ltd 36,404
----- End of picture text -----
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Charter hall oFFICe trUst | 33
Charter Hall Office Trust
Allianz Centre
2 market Street, Sydney NSW
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A 24 level, A-grade building with an adjoining seven level forecourt building located in the western corridor of the sydney CbD.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 1991 (2007 forecourt)
grade a
ownership 50%
jV partner allianz
total NlA (sqm) 39,818
typical floor plate (sqm) 1,954 (main)
Car spaces 301
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (50%) $178.5 million
Value ($/sqm) $8,955
last external valuation date 31 December 2012
Valuer Knight Frank
tenanCy statIstICs
Wale (by income) 5.5 years
occupancy 100%
major tenants nla (sQm)
allianz 18,380
Caltex 9,201
bDo Kendalls 3,952
----- End of picture text -----
59 Goulburn Street sydney nsW
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A 28 level, A-grade office tower located between George and Pitt Streets, opposite World Square.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 1973 (2001)
grade a
ownership 100%
total NlA (sqm) 19,586
typical floor plate (sqm) 858
Car spaces 135
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $86.0 million
Value ($/sqm) $4,390
last external valuation date 31 December 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 2.9 years
occupancy 97%
major tenants nla (sQm)
Dept of environment and
10,996
heritage (nsW)
Charles Parsons 1,669
----- End of picture text -----
34 | ChArter hAll ProPerty PortFolIo DeCember 2012
The Denison
65 berry Street, North Sydney NSW
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A modern 18 level office building centrally located within the North sydney CbD.
==> picture [260 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1986
grade a
ownership 100%
total NlA (sqm) 15,123
typical floor plate (sqm) 873
Car spaces 157
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $88.0 million
Value ($/sqm) $5,819
last external valuation date 31 December 2012
Valuer Knight Frank
tenanCy statIstICs
Wale (by income) 5.3 years
occupancy 94%
major tenants nla (sQm)
mediaCom 6,941
reckon 2,442
----- End of picture text -----
Charter Grove
29-57 Christie Street, St leonards NSW
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A modern seven level, A-grade office building and adjoining sports and community complex located in the st leonards business district.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 1990
grade a
ownership 100%
total NlA (sqm) 18,081
typical floor plate (sqm) 2,155
Car spaces 285
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $83.0 million
Value ($/sqm) $4,590
last external valuation date 31 December 2012
Valuer m3 Property
tenanCy statIstICs
Wale (by income) 4.1 years
occupancy 100%
major tenants nla (sQm)
Coca Cola amatil (australia) 4,313
Fitness First 3,056
arU 2,818
----- End of picture text -----
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Charter hall oFFICe trUst | 35
Charter Hall Office Trust
Avaya House 123 epping road, macquarie Park NSW
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A modern 10 level, A-grade office building prominently located in one of australia’s premier technology precincts.
==> picture [260 x 259] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2000
grade a
ownership 100%
total NlA (sqm) 16,281
typical floor plate (sqm) 1,774
Car spaces 534
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $75.5 million
Value ($/sqm) $4,637
last external valuation date 31 December 2012
Valuer Knight Frank
tenanCy statIstICs
Wale (by income) 3.2 years
occupancy 98%
major tenants nla (sQm)
avaya australia 5,050
amgen australia 2,739
----- End of picture text -----
Wentworth Place 9 Wentworth Street, Parramatta NSW
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A recently refurbished and upgraded seven level building, well located in the Parramatta CbD.
==> picture [259 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1988
grade a
ownership 100%
total NlA (sqm) 7,672
typical floor plate (sqm) 1,220
Car spaces 97
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $25.4 million
Value ($/sqm) $3,304
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 4.5 years
occupancy 84%
major tenant nla (sQm)
Dept of Immigration & Citizenship 5,972
----- End of picture text -----
36 | Charter hall ProPerty PortFolIo DeCember 2012
Australian Taxation Office 266 King Street, Newcastle NSW
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A modern nine level, A-grade office building located within the civic precinct of the newcastle CbD.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1989
grade a
ownership 100%
total NlA (sqm) 14,157
typical floor plate (sqm) 1,682
Car spaces 64
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $47.8 million
Value ($/sqm) $3,376
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 4.3 years
occupancy 100%
major tenant nla (sQm)
Australian taxation office 14,157
----- End of picture text -----
Argus Centre 300 latrobe Street, melbourne Vic
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----- Start of picture text -----
artist’s Impression
(foyer refurbishment)
----- End of picture text -----
A modern 34 level, A-grade office tower located oppoite melbourne Central railway station in the Flagstaff Precinct of melbourne’s CbD. Undergoing a comprehensive refurbishment, and 10 levels of car parking, comprising 520 car bays.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 1991 (2012)
grade a
ownership 100%
total NlA (sqm) 33,051
typical floor plate (sqm) 1,487
Car spaces 520
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $167.1 million
Value ($/sqm) $5,057
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 9.5 years
occupancy 100%
major tenants nla (sQm)
telstra Corporation ltd 23,482
Department of Veteran affairs 4,749
----- End of picture text -----
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Charter hall oFFICe trUst | 37
Charter Hall Office Trust
150 lonsdale Sreet melbourne Vic
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A refurbished 29 level, A-grade office building located in the north eastern section of the melbourne CbD.
171 Collins Street melbourne Vic
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----- Start of picture text -----
artist’s Impression
----- End of picture text -----
An icon in the making, 171 Collins Street represents melbourne’s first Premium Grade office building in over 20 years.
Developed by Charter hall and Cbus Property and designed by bates Smart, 171 Collins Street is Victoria’s first Premium Grade building having achieved a 6 star Green Star – office Design (v2) rating, representing ‘World leadership’ in environmentally sustainable design and is targeting a 6 star nabers energy rating.
located on the prestigious ‘Paris-end’ of Collins Street, the building will deliver 31,000sqm of office space across 17 floors in a new generation tower and seven levels of boutique office space in the heritage listed mayfair building.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 1974 (2005)
grade a
ownership 100%
total NlA (sqm) 28,744
typical floor plate (sqm) 1,130
Car spaces 647
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $135.0 million
Value ($/sqm) $4,695
last external valuation date 31 December 2012
Valuer m3 property
tenanCy statIstICs
Wale (by income) 2.2 years
occupancy 100%
major tenants nla (sQm)
telstra Corporation ltd 13,783
superpartners 4,317
gmK Centric services 2,717
ghD 2,485
----- End of picture text -----
| sUmmary | |
|---|---|
| Completion date | mid 2013 |
| grade | Premium |
| ownership | 50% |
| jVpartner | Cbus Property |
| offce NlA (sqm) 31,394 (land site 2,957) |
|
| retail NlA(sqm) | 1,698 |
| Storage/other NlA(sqm) | 364 |
| Car spaces | 137 |
| ValUatIon(31 DeCember 2012 booK ValUe) | |
| Valuation(50%) | $89.8 million |
| major tenants | nla(sQm) |
| bhP billiton(pre-committment) | 14,421 |
| evans and Partners(pre-committment) | 1,690 |
| egon Zhender(pre-committment) | 700 |
| Dolce & gabbana | 325 |
38 | Charter hall ProPerty PortFolIo DeCember 2012
5 Queens Road melbourne Vic
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An 11 level, A-grade office building situated in the midst of the St Kilda road office precinct, opposite Albert Park.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 1989
grade a
ownership 100%
total NlA (sqm) 17,726
typical floor plate (sqm) 1,670
Car spaces 323
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $66.0 million
Value ($/sqm) $3,723
last external valuation date 31 December 2011
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 3.2 years
occupancy 100%
major tenants nla (sQm)
beca 5,041
leighton Contractors Pty ltd 3,362
IsIs 2,827
Unico 2,405
----- End of picture text -----
Australia Taxation Office 6-20 Gladstone Street, moonee Ponds Vic
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A seven level, A-grade office building situated in moonee Ponds in melbourne’s north west.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 1991
grade a
ownership 100%
total NlA (sqm) 21,034
typical floor plate (sqm) 2,862
Car spaces 120
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $81.0 million
Value ($/sqm) $3,664
last external valuation date 31 December 2012
Valuer m3 property
tenanCy statIstICs
Wale (by income) 7.1 years
occupancy 100%
major tenant nla (sQm)
Australian taxation office 22,107
----- End of picture text -----
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Charter hall oFFICe trUst | 39
Charter Hall Office Trust
175 Eagle Street brisbane Qld
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An A-grade quality riverfront property situated within the ‘Golden triangle’ of the brisbane CbD.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 2002
grade a
ownership 100%
total NlA (sqm) 22,851
typical floor plate (sqm) 1,159
Car spaces 162
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $150.5 million
Value ($/sqm) $6,586
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 5.4 years
occupancy 100%
major tenants nla (sQm)
aurizon 7,999
Credit Union australia ltd 4,879
aon risk services 2,898
----- End of picture text -----
Capital Hill 83-85 George Street, brisbane Qld
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An 18 level office building located within the Queensland Government office precinct in the brisbane CbD.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1989
grade b
ownership 100%
total NlA (sqm) 10,516
typical floor plate (sqm) 581
Car spaces 105
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $48.5 million
Value ($/sqm) $4,612
last external valuation date 31 December 2012
Valuer Colliers
tenanCy statIstICs
Wale (by income) 3.3 years
occupancy 100%
major tenant nla (sQm)
state of Qld - Dept main roads 8,780
----- End of picture text -----
40 | ChArter hAll ProPerty PortFolIo DeCember 2012
Eastpoint Plaza 233-237 Adelaide terrace, Perth WA
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A 13 level b-grade office building well located in the eastern end of Perth’s CbD.
==> picture [260 x 259] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1982
grade b
ownership 100%
total NlA (sqm) 11,672
typical floor plate (sqm) 1,050
Car spaces 89
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $62.8 million
Value ($/sqm) $5,376
last external valuation date 31 December 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 3.3 years
occupancy 100%
major tenants nla (sQm)
minister for Works (health & Police) 6,094
Goldfields Gas transmissions Pty ltd 1,472
----- End of picture text -----
Australia Place
14 mort Street, Canberra ACt
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A modern eight level A-grade commercial office building with basement parking located in the civic precinct of the Canberra CbD.
==> picture [260 x 280] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1996
grade a
ownership 100%
total NlA (sqm) 9,384
typical floor plate (sqm) 900
Car spaces 67
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $25.5 million
Value ($/sqm) $2,718
last external valuation date 31 December 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 2.8 years
occupancy 100%
major tenant nla (sQm)
Dept of Innovation, Industry, Science,
4,942
research, and tertiary education
Dept of education, employment and
3,418
Workplace relations
----- End of picture text -----
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Charter hall oFFICe trUst | 41
Brisbane Square, Brisbane Qld
42 | ChArter hAll ProPerty PortFolIo DeCember 2012
Core Plus Office Fund
Charter Hall’s Core Plus Office Fund (CPOF) is the largest of the Core Plus series of wholesale funds. Launched in 2006, the Fund predominantly targets the office property sector in the major capital city markets of Australia.
Fund Statistics
Top 10 tenants by gross income
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----- Start of picture text -----
Australian Governments 17%
Telstra 16%
Westpac Group 11%
BHP Billiton 9%
Mercer 5%
Suncorp 5%
Qld Gas Company Ltd 3%
Secure Car Park Mgnt 3%
Parsons Brinckerhoff 3%
Wilson Parking 2%
----- End of picture text -----
Annual lease expiry
by gross income
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----- Start of picture text -----
Vacant 3%
FY13 4%
FY14 5%
FY15 14%
FY16 12%
FY17 10%
FY18 17%
FY19 12%
FY20+ 24%
----- End of picture text -----
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Core PlUs oFFICe FUnD | 43
Fund Statistics
Asset diversification
by current value
==> picture [398 x 208] intentionally omitted <==
----- Start of picture text -----
109 St Georges Terrace, Perth 5% 225 St Georges Terrace, Perth 13%
51 Pirie Street, Adelaide 1%
Bank SA, Adelaide 1%
331/333 George Street, Sydney 5% Northbank Plaza, Brisbane 11%
167 Macquarie Street, Sydney 6%
275 George Street, Brisbane 12%
St George Bank, Kogarah, Sydney 8%
570 Bourke Street, Melbourne 12% Brisbane Square, Brisbane 14%
11 Exhibition Street, Melbourne 12%
----- End of picture text -----
Tenant type diversification by gross income
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----- Start of picture text -----
Other 14%
Government and
government related 17% National and international 69%
----- End of picture text -----
44 | ChArter hAll ProPerty PortFolIo DeCember 2012
Property Portfolio
Geographical diversification
by current value
==> picture [392 x 164] intentionally omitted <==
----- Start of picture text -----
South Australia 2%
Western Australia 18%
Queensland 37%
New South Wales 19%
Victoria 24%
----- End of picture text -----
Weighted Average lease Expiry (years) by gross income
| Brisbane Square, Brisbane Qld |
9.0 | |
|---|---|---|
| 4-16 Montgomery Street, Kogarah NSW |
8.7 | |
| 97 King William Street, Adelaide SA |
8.7 | |
| 11 Exhibition Street, Melbourne Vic |
7.1 | |
| 275 George Street, Brisbane Qld |
6.5 | |
| Northbank Plaza, Brisbane Qld |
4.8 | |
| 109 St Georges Terrace, Perth WA |
4.1 | |
| 51 Pirie Street, Adelaide SA |
3.7 | |
| 167 Macquarie Street, Sydney NSW |
3.5 | |
| 225 St Georges Terrace, Perth WA |
3.4 | |
| 570 Bourke Street, Melbourne Vic |
3.1 | |
| 331 George Street, Sydney NSW |
1.1 | |
| 333 George Street, Sydney NSW |
1.1 | |
| WALE | 5.2 |
==> picture [268 x 31] intentionally omitted <==
Core PlUs oFFICe FUnD | 45
Property Portfolio
December 2012 Capitalisation rate 7.83%
December 2012 Discount rate
9.34%
==> picture [541 x 413] intentionally omitted <==
----- Start of picture text -----
CPOF DEC 2012 WALE WEIGHTED AVG RENT
OWNERSHIP (%) VALuATION (A$M) (yEARS) REVIEWS (%)
167 Macquarie Street,
100% 87.0 3.5 3.79%
sydney nsW
St George Bank,
100% 118.0 8.7 CPI (3.0%)
Kogarah, Sydney NSW
331 & 333 George Street,
100% 73.5 1.1 3.80%
sydney nsW
11 Exhibition Street, 100% 177.3 7.1 4.12%
melbourne Vic
570 Bourke Street, 100% 176.0 3.1 3.52%
melbourne Vic
Brisbane Square,
50% 205.0 9.0 3.43%
brisbane Qld
275 George Street,
50% 186.0 6.5 4.45%
brisbane Qld
Northbank Plaza, 100% 168.0 4.8 4.55%
brisbane Qld
51 Pirie Street, 100% 14.0 3.7 3.79%
adelaide sa
Bank SA, 100% 20.3 8.7 CPI (3.0%)
adelaide sa
225 St Georges Terrace,
100% 200.0 3.4 5.14%
Perth Wa
109 St Georges Terrace,
100% 76.0 4.1 3.78%
Perth Wa
TOTAl/
1,501.0 5.2 4.05%
WEIGHTED AVERAGE [1]
----- End of picture text -----
46 | ChArter hAll ProPerty PortFolIo DeCember 2012
CPoF’s asset portfolio is diversified across all key office markets and is well positioned to take advantage of improving market conditions.
570 Bouke Street, Melbourne Vic
==> picture [255 x 31] intentionally omitted <==
Core Plus Office Fund
167 Macquarie Street sydney nsW (core)
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
located in the prestigious financial core of Sydney’s CbD, macquarie house is a refurbished A grade office tower offering spectacular views across the royal botanic gardens and sydney harbour.
the building spans 19 levels consisting two ground level retail tenancies.
==> picture [260 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1970 (2005)
grade a
ownership 100%
total NlA (sqm) 9,734
typical floor plate (sqm) 780
Car spaces 78
ValUatIon
Valuation $87.0 million
Value ($/sqm) $8,861
last external valuation date 30 june 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 3.5 years
occupancy 100%
major tenants nla (sQm)
gresham Partners 2,364
Fidelity 2,364
----- End of picture text -----
St George Bank
4-16 montgomery Street, Kogarah NSW (core)
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
St George house is well positioned on the southern rail network, providing the bank with an excellent ability to tap into the large southern sydney workforce. st george house comprises a purpose built commercial complex, spanning eight levels featuring extensive office space, a bank branch and car spaces.
In addition to the office space and bank branch, the property incorporates a cafeteria, community centre, child care centre, auditorium, gymnasium, outdoor area, tennis court and running track.
==> picture [259 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1990
grade a
ownership 100%
total NlA (sqm) 31,398
typical floor plate (sqm) 1,965
Car spaces 595
ValUatIon
Valuation $118.0 million
Value ($/sqm) $3,758
last external valuation date 30 june 2012
Valuer m3 Property
tenanCy statIstICs
Wale (by income) 8.7 years
occupancy 100%
major tenant nla (sQm)
st george bank (Westpac) 31,398
----- End of picture text -----
48 | ChArter hAll ProPerty PortFolIo DeCember 2012
331 and 333 George Street sydney nsW ( core/development inventory)
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==> picture [128 x 180] intentionally omitted <==
Prominently located at the western end of martin Place in sydney’s CbD, the property comprises a 15 level refurbished commercial office tower built in 1971. 331 George Street is a standalone three level retail terrace building, which is currently fully leased. 331 George Street was acquired by CPoF as part of a strategic site consolidation plan, which is part of a medium to long term strategy to redevelop the combined properties into an integrated a-grade retail and office building.
==> picture [258 x 284] intentionally omitted <==
----- Start of picture text -----
sUmmary 331 333
year built (or refurbished) n/a 1971
grade retail b
ownership 100% 100%
total NlA (sqm) 138 9,882
typical floor plate (sqm) 138 730
Car spaces 0 16
ValUatIon
Valuation $5.5 million $68.0 million
Value ($/sqm) - office n/a $5,244
- retail $39,855 $17,608
last external valuation date 31 December 2012 31 December 2012
Valuer Colliers Colliers
tenanCy statIstICs
Wale (by income) 1.1 years 1.1 years
occupancy 100% 79%
major tenants nla (sQm) nla (sQm)
Charter hall group n/a 1,919
bar 333 (ryans hotels) n/a 1,089
australian Ugg 138 n/a
----- End of picture text -----
9 Castlereagh Street[1] sydney nsW (core)
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==> picture [129 x 180] intentionally omitted <==
Completed in 1989, 9 Castlereagh Street is a unique, harry Seidler designed landmark office tower. the property has 31 upper office levels and ground floor retail incorporating a café and childcare facility at the rear. there is basement car parking for 79 vehicles, including 29 selfpark car spaces on the upper basement and access to a car stacker which provides parking for a further 50 vehicles in the lower basement.
==> picture [260 x 271] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1989
grade a
ownership 100%
total NlA (sqm) 21,044
typical floor plate (sqm) 760
Car spaces 79
ValUatIon
Valuation $172.5 million
Value ($/sqm) $8,197
last external valuation date 31 December 2012
Valuer m3 Property
tenanCy statIstICs
Wale (by income) 3.0 years
occupancy 80%
major tenant nla (sQm)
talent 2 1,328
Van eyk research 769
Cover Force insurance 756
----- End of picture text -----
- Acquired February 2013
==> picture [268 x 31] intentionally omitted <==
Core PlUs oFFICe FUnD | 49
Core Plus Office Fund
11-33 Exhibition Street melbourne Vic (core)
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==> picture [128 x 180] intentionally omitted <==
located in the prime eastern sector of the melbourne CbD, within close proximity to Collins Street, 11–33 exhibition Street is a modern prime-grade office building.
the building comprises 16 levels of office accommodation with a further 1,077sqm of various retail leases.
==> picture [260 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2005
grade a
ownership 100%
total NlA (sqm) 22,842
typical floor plate (sqm) 1,700
Car spaces 340
ValUatIon
Valuation $177.3 million
Value ($/sqm) $7,760
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 7.1 years
occupancy 98.8%
major tenants nla (sQm)
mercer 11,748
Fair Work Australia (Commonwealth of Australia) 9,797
----- End of picture text -----
570 Bourke Street melbourne Vic ( core/development inventory)
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
570 bourke Street is located in the heart of melbourne CbD’s legal and commercial district. the property comprises 35,083sqm of refurbished commercial office space over 31 levels in addition to a public car park over five basement levels.
==> picture [260 x 273] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1972 (2003)
grade a
ownership 100%
total NlA (sqm) 35,083
typical floor plate (sqm) 1,150
Car spaces 522
ValUatIon
Valuation $176.0 million
Value ($/sqm) (exc car park) $5,079
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 3.1 years
occupancy 90.7%
major tenants nla (sQm)
state government 11,928
Willis australia 3,420
secure Parking 522 bays
----- End of picture text -----
50 | Charter hall ProPerty PortFolIo DeCember 2012
Brisbane Square brisbane Qld (core)
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==> picture [129 x 180] intentionally omitted <==
located within the brisbane CbD at the top of the Queen street mall, brisbane Square is an iconic office building located in the heart of the government and legal precincts along george street. the property comprises of premium office space over 38 levels, ground floor retail and parking over three basement levels.
the building was purchased in november 2010 and CPoF holds a 50% stake with telstra super.
==> picture [260 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2006
grade a
ownership 50%
total NlA (sqm) 57,368
typical floor plate (sqm) 1,420
Car spaces 341
ValUatIon
Valuation (50%) $205.0 million
Value ($/sqm) $6,796
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 9.0 years
occupancy 99.3%
major tenants nla (sQm)
brisbane City Council 34,598
suncorp 23,572
----- End of picture text -----
275 George Street brisbane Qld (core)
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
Comprising more than 40,000sqm of A-grade office and retail space over 30 levels, this state-of-the-art energy efficient building is located in the heart of the brisbane CbD. With a 5 star nabers energy rating and a 5 star Green Star rating, the building offers sweeping 360 degree views of the brisbane river and cityscape. CPoF holds a 50% stake with the singaporean listed K-reIt.
==> picture [260 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2009
grade a
ownership 50%
total NlA (sqm) 41,738
typical floor plate (sqm) 1,302
Car spaces 246
ValUatIon
Valuation (50%) $186.0 million
Value ($/sqm) $8,913
last external valuation date 31 December 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 6.5 years
occupancy 100%
major tenants nla (sQm)
telstra Corporation ltd 28,836
Queensland gas Company 11,652
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
Core PlUs oFFICe FUnD | 51
Core Plus Office Fund
Northbank Plaza
69 Ann Street, brisbane Qld (core)
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==> picture [128 x 180] intentionally omitted <==
located within the brisbane CbD, Northbank Plaza has been comprehensively refurbished and repositioned with a-grade services. the majority of floors feature expansive river, mountain and CbD views.
51 Pirie Street adelaide sa (core/development)
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----- Start of picture text -----
artist’s Impression
----- End of picture text -----
==> picture [128 x 180] intentionally omitted <==
----- Start of picture text -----
artist’s Impression
----- End of picture text -----
located in the heart of the Adelaide CbD, 51 Pirie Street comprises a seven level retail/office building. the property comprises refurbished commercial b-grade accommodation covering ground retail, five upper levels of office space and a basement level.
Planning approval has been obtained for a new 32,000sqm A-grade office tower comprising 21 levels and will target a 5 star Green Star rating and a 5 star nabers energy rating.
==> picture [260 x 273] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2008
grade a
ownership 100%
total NlA (sqm) 26,700
typical floor plate (sqm) - tower 1,200
Car spaces 156
ValUatIon
Valuation $168.0 million
Value ($/sqm) $6,277
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 4.8 years
occupancy 100%
major tenants nla (sQm)
telstra Corporation ltd 17,996
Parsons brinckerhoff 5,847
the bureau of meteorology 1,400
----- End of picture text -----
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary (CUrrent bUIlDIng)
year built (or refurbished) 1983
grade b
ownership 100%
total NlA (sqm) 6,315
typical floor plate (sqm) 940
Car spaces 0
ValUatIon
Valuation $14.0 million
Value ($/sqm) $2,278
last external valuation date 30 june 2012
Valuer Knight Frank
tenanCy statIstICs
Wale (by income) 3.7 years
occupancy 79.1%
major tenant nla (sQm)
st george bank 4,427
----- End of picture text -----
52 | Charter hall ProPerty PortFolIo DeCember 2012
Bank SA
97 King William Street, Adelaide SA (core)
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
bank sa is located in the heart of adelaide and comprises a basement vault, ground and mezzanine level banking branch, and an office building over eight upper levels. the building also includes a gymnasium and squash courts which are located on the roof area.
==> picture [262 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1943
grade b
ownership 100%
total NlA (sqm) 15,115
typical floor plate (sqm) 1,340
Car spaces 28
ValUatIon
Valuation $20.3 million
Value ($/sqm) $1,340
last external valuation date 30 june 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 8.7 years
occupancy 100%
major tenant nla (sQm)
st george bank 15,115
----- End of picture text -----
BHP House
225 St Georges terrace, Perth WA (core)
==> picture [128 x 180] intentionally omitted <==
==> picture [129 x 180] intentionally omitted <==
located on St Georges terrace, the primary office address within the Perth CbD, 225 St Georges terrace comprises a 21,192sqm office building, with 733sqm of retail space and three levels of basement parking.
==> picture [262 x 259] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1990
grade a
ownership 100%
total NlA (sqm) 21,192
typical floor plate (sqm) 1,130
Car spaces 373
ValUatIon
Valuation $200.0 million
Value ($/sqm) $7,804
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 3.4 years
occupancy 100%
major tenants nla (sQm)
bhP billiton 13,920
Wilson Parking 373 bays
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
Core PlUs oFFICe FUnD | 53
Core Plus Office Fund
109 St Georges Terrace Perth Wa (core)
==> picture [128 x 180] intentionally omitted <==
==> picture [129 x 180] intentionally omitted <==
located in the heart of the Perth CbD, the Westpac building at 109 St Georges terrace, comprises a lower A-grade office building, which underwent extensive refurbishment in 2005. the building spans 19 upper office levels, a ground level bank, vault and security storage area.
==> picture [262 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2005
grade a
ownership 100%
total NlA (sqm) 13,897
typical floor plate (sqm) 75
Car spaces 550
ValUatIon
Valuation $76.0 million
Value ($/sqm) $5,469
last external valuation date 31 December 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 4.1 years
occupancy 100%
major tenants nla (sQm)
Westpac bank 7,620
Calibre global 2,497
----- End of picture text -----
==> picture [288 x 842] intentionally omitted <==
54 | ChArter hAll ProPerty PortFolIo DeCember 2012
11 Exhibition Street, Melbourne Vic
==> picture [255 x 31] intentionally omitted <==
CPIF owns 19 assets with an average value of $33 million and a strong Wale of 11.1 years.
Coles Distribution Centre, Perth WA
56 | Charter hall ProPerty PortFolIo DeCember 2012
Core Plus Industrial Fund
Charter Hall’s Core Plus Industrial Fund (CPIF) was launched in 2007. The Fund predominantly targets industrial and logistics sectors in major capital city markets of Australia and sources a mix of core and enhanced investment grade property assets.
Fund Statistics
Top 10 tenants by gross income
| Coles | 23% | |
|---|---|---|
| Woolworths | 10% | |
| Metcash | 10% | |
| Volkswagen | 9% | |
| Fastline International | 5% | |
| Volvo | 4% | |
| Arrium | 4% | |
| Schenker | 3% | |
| Chevron | 3% | |
| TJM Products | 3% |
Annual lease expiry by gross income
==> picture [422 x 223] intentionally omitted <==
----- Start of picture text -----
Vacant 1%
FY13 1%
FY14 1%
FY15 2%
FY16 1%
FY17 14%
FY18 8%
FY19 8%
FY20 2%
FY21+ 64%
----- End of picture text -----
==> picture [255 x 31] intentionally omitted <==
Core PlUs InDUstrIal FUnD | 57
Fund Statistics
Asset diversification
by current value
| ifcation lue |
ifcation lue |
||
|---|---|---|---|
| Schenker Facility, Melbourne Airport 2% 130-138 Link Road, Melbourne Airport 2% Woolworths Distribution Centre, Launceston 12% Metcash Distribution Centre, CanningVale 11% Coles Distribution Centre, Perth Airport 22% 200 Holt Road, Pinkenba 2% Lot 2 Sherbrooke Road, Willawong Qld 2% Toll Facility, Brisbane Airport 1% Kathmandu Facility, Melbourne Airport 1% 238-260 Gilmore Road, Berrinda 3% |
Volkswagen Distribution Centre, Chullora 10% |
||
| 123-135 Kewdale Road, Kewdale 6% | |||
| 372 Eastern Valley Way, Chatswood, 5% Fastline Facility, Derrimut 5% |
|||
| SmorgonDistributionCentre, Pinkenba 4% 140-160 Robinson Road, Geebung 4% 17 Sugarmill Road, Meeandah 4% |
140-160 Robinson Road, Geebung 4% | ||
| SmorgonDistributionCentre, Pinkenba 4% | |||
| 56 Anzac Street, Chullora 3% | |||
| 80-120 Canberra Street, Hemmant 3% |
Core vs. Enhanced assets by current value
==> picture [50 x 8] intentionally omitted <==
----- Start of picture text -----
Enhanced 5%
----- End of picture text -----
==> picture [139 x 140] intentionally omitted <==
==> picture [37 x 8] intentionally omitted <==
----- Start of picture text -----
Core 95%
----- End of picture text -----
58 | Charter hall ProPerty PortFolIo DeCember 2012
Property Portfolio
Geographical diversification by current value
==> picture [392 x 145] intentionally omitted <==
----- Start of picture text -----
Victoria 10% Western Australia 38%
Tasmania 12%
New South Wales 17% Queensland 23%
----- End of picture text -----
Weighted Average lease Expiry by years
| Woolworths Distribution Centre, Launceston Tas |
24.2 | |||
|---|---|---|---|---|
| Coles Distribution Centre, Perth Airport WA |
15.4 | |||
| Fastline Facility, Derrimut NSW |
14.9 | |||
| Volkswagen Distribution Centre, Chullora NSW |
11.7 | |||
| Smorgon Distrubition Centre, Pinkenba Qld |
11.0 | |||
| Metcash Distribution Centre, Canning Vale WA |
11.0 | |||
| 80-120 Canberra Street, Hemmant Qld |
9.9 | |||
| 130-138 Link Road, Tullamarine Vic |
6.7 | |||
| Schenker Facility, Melbourne Airport Vic |
6.4 | |||
| 56 Anzac Street, Chullora NSW |
5.6 | |||
| 123-135 Kewdale Road, Kewdale WA |
4.6 | |||
| 372 Eastern Valley Way, Chatswood NSW |
4.5 | |||
| 17 Sugarmill Road, Pinkenba Qld |
4.4 | |||
| Toll Facility, Brisbane Airport Vic |
4.2 | |||
| Kathmandu Facility, Melbourne Airport Vic |
3.8 | |||
| 140-160 Robinson Road, Geebung Qld |
2.9 | |||
| WALE | 11.1 |
==> picture [268 x 31] intentionally omitted <==
Core PlUs InDUstrIal FUnD | 59
Core Plus Industrial Fund
December 2012 Capitalisation rate 8.21%
December 2012 Discount rate
9.85%
==> picture [540 x 592] intentionally omitted <==
----- Start of picture text -----
CPIF DEC 2012 WALE WEIGHTED AVG RENT
OWNERSHIP (%) VALuATION (A$M) (yEARS) REVIEWS (%)
Volkswagen Distribution Centre,
100% 59.5 11.7 3.25%
Chullora nsW
372 Eastern Valley Way,
100% 31.5 4.5 3.61%
Chatswood nsW
56 Anzac Street, 100% 17.5 5.6 3.06%
Chullora nsW
Schenker Facility,
100% 11.4 6.4 3.50%
melbourne airport Vic
130-138 link Road, 100% 14.7 6.7 3.50%
melbourne airport Vic
Kathmandu Facility,
100% 7.1 3.8 3.50%
melbourne airport Vic
Fastline Facility,
100% 29.8 14.9 3.50%
Derrimut Vic
Smorgon Distribution Centre,
100% 28.0 11.0 3.25%
Pinkenba Qld
200 Holt Street, 100% 10.2 n/a n/a
Pinkenba Qld
140-160 Robinson Road, 100% 27.0 2.9 3.23%
geebung Qld
Toll Facility,
100% 8.5 4.2 3.25%
brisbane airport Qld
17 Sugarmill Road,
100% 22.0 4.4 3.94%
meeandah Qld
238-260 Gilmore Road, 100% 18.5 n/a n/a
berrinba Qld
lot 2 Sherbrooke Road, 100% 12.3 n/a n/a
Willawong Qld
80-120 Canberra Street, 100% 15.8 9.9 3.25
hemmant Qld
123-135 Kewdale Road, 100% 34.5 4.6 4.00%
Kewdale Wa
Coles Distribution Centre, 75% 134.3 15.4 2.75%
Perth airport Wa
Metcash Distribution Centre,
50% 66.6 11.0 3.00%
Canning Vale Wa
Woolworths Distribution Centre,
100% 74.0 24.2 2.80%
launceston tas
TOTAl/WEIGHTED
623.1 11.1 3.18%
AVERAGE
----- End of picture text -----
60 | Charter hall ProPerty PortFolIo DeCember 2012
Volkswagen Australia 24 muir road, Chullora NSW
==> picture [259 x 180] intentionally omitted <==
located within Chullora business Park, the new Volkswagen Group Australia head office and distribution centre comprises three office levels over 10,500sqm, an international training centre, service area and a warehouse facility comprising 16,000sqm.
the state of the art facility comprises warehouse accommodation featuring a minimum clearance height of approximately ten metres and ten recessed docks and on-site expansion of up to 8,000sqm.
==> picture [260 x 215] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2011
ownership 100%
total GlA (sqm) 26,739
Car spaces n/a
ValUatIon
Valuation $59.5 million
Value ($/sqm) $2,225
last external valuation date 31 December 2012
Valuer knight Frank
tenanCy statIstICs
Wale (by income) 11.7 years
occupancy 100%
major tenant (gla) sQm
Volkswagen group 26,739
----- End of picture text -----
Chatswood Business Park
372 eastern Valley Way, Chatswood NSW
==> picture [259 x 180] intentionally omitted <==
the Chatswood business Park is located on a high profile site at the corner of eastern Valley Way and Smith Street, two kilometres north east of the Chatswood regional Centre and 10 kilometres north of the sydney CbD.
the property comprises a modern, ten unit industrial complex that was completed in 1986. the units are constructed over two main levels and have a GlA of 12,674sqm. the top level of the estate is occupied by traditional industrial tenants, whilst the ground level of the estate comprises more commercial and household retail uses. bunnings now occupy the adjorning site
==> picture [260 x 230] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1986
ownership 100%
total GlA (sqm) 12,674
Car spaces 190
ValUatIon
Valuation $31.5 million
Value ($/sqm) $2,493
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 4.5 years
occupancy 96%
major tenants (gla) sQm
Petbarn 3,624
the good guys 2,566
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Core PlUs InDUstrIal FUnD | 61
Core Plus Industrial Fund
56 Anzac Street Chullora nsW
41-57 South Centre Road melbourne Airport business Park, tullamarine Vic
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==> picture [259 x 180] intentionally omitted <==
the property comprises two substantial industrial warehouse/office facilities, with attached awning and hardstand areas situated on a site of 6.476 hectares. building one comprises a modern showroom/ office area fronting the hume highway and warehouse area to the rear. It is occupied by Volvo truck Australia and has a GlA of 6,995sqm.
building two is a large freestanding office/warehouse of approx 21,204sqm. Internal clearance up to 13 metres and access is provided via a series of 15 roller shutter doors with a large covered awning and large open marshalling area’s.
Ideally located within the melbourne Airport precinct, the site is in close proximity to all airport freight and logistics facilities as well as excellent immediate access to major freeway systems. this new facility was completed and occupied in may 2009, and features GlA of 13,716sqm incorporating a high clearance (ten metre) sprinklered warehouse with roller shutter doors and recessed loading docks, an external 15 metre awning and efficient b-double access.
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sUmmary sUmmary
year built (or refurbished) 2010 year built (or refurbished) 2009
ownership 100% ownership 100%
total GlA (sqm) 28,199 total GlA (sqm) 13,716
Car spaces n/a Car spaces 244
ValUatIon ValUatIon
Valuation $17.5 million Valuation $11.4 million
Value ($/sqm) $621 Value ($/sqm) $831
last external valuation date 31 December 2012 last external valuation date 30 june 2012
Valuer savills Valuer m3 Property
tenanCy statIstICs tenanCy statIstICs
Wale (by income) 5.6 years Wale (by income) 6.4 years
occupancy 100% occupancy 100%
major tenants (gla) sQm major tenant (gla) sQm
australian Post 10,795 Db schenker 13,716
shriro 10,409
Volvo 6,995
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62 | Charter hall ProPerty PortFolIo DeCember 2012
130-138 link Road melbourne Airport business Park, tullamarine Vic
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the property comprises a logistics facility, within the melbourne Airport business Park, which is located to the southern confines of tullamarine Airport. the facility comprises two stages, the Caterpillar logistics tenancy, two level office attached to a sprinklered, high bay (ten metre springing height) warehouse totalling 10,678sqm and providing both on-grade and recessed dock loading.
the balance of this building comprises a further two level office attached to a sprinklered, high bay warehouse totalling 10,479sqm and providing both on-grade and recessed dock loading leased to the Victorian government.
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sUmmary
year built (or refurbished) 2006
ownership 100%
total GlA (sqm) 21,157
Car spaces n/a
ValUatIon
Valuation $14.7 million
Value ($/sqm) $695
last external valuation date 31 December 2012
Valuer m3 Property
tenanCy statIstICs
Wale (by income) 6.7 years
occupancy 100%
major tenants (gla) sQm
Victorian electrical Commission 10,678
Caterpillar 10,479
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55-65 Sky Road melbourne Airport business Park, tullamarine Vic
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the property comprises a logistics facility, within the melbourne Airport business Park, which is located to the southern confines of tullamarine airport.
the Kathmandu facility comprises a two level office attached to a sprinklered, high bay (ten metre springing height) warehouse totalling approximately 10,040sqm, both on-grade and recessed dock loading provides for b-double access.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 2006
ownership 100%
total GlA (sqm) 10,040
Car spaces n/a
ValUatIon
Valuation $7.1 million
Value ($/sqm) $707
last external valuation date 31 December 2012
Valuer m3 Property
tenanCy statIstICs
Wale (by income) 3.8 years
occupancy 100%
major tenant (gla) sQm
Kathmandu 10,040
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Core PlUs InDUstrIal FUnD | 63
Core Plus Industrial Fund
309 Fitzgerald Road Derrimut Vic
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Situated on a 48,253sqm site is a modern distribution facility, which was constructed over three stages, commencing in 1998 and completed in 2004. the facility comprises a total core GlA of 27,432sqm, made up of a 2,303sqm office and a 25,129sqm warehouse.
the property is an excellent modern logistics facility, enjoying a convenient location, only 800 metres from the Western ring road on and off ramps. the site coverage provides efficient b-double access and the flexibility to be subdivided into smaller tenancies.
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sUmmary
year built (or refurbished) 2002
ownership 100%
total GlA (sqm) 27,432
Car spaces n/a
ValUatIon
Valuation $29.8 million
Value ($/sqm) $1,086
last external valuation date 31 December 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 14.9 years
occupancy 100%
major tenant (gla) sQm
Fastline International 27,432
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30 Main Beach Road Pinkenba Qld
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the smorgon Distribution Centre is a state of the art logistics facility located on a large land holding of 4.22 hectares strategically situated within the trade Coast Precinct, close to brisbane Airport, the Port of brisbane and the brisbane CbD on the north side of the river.
the facility has a GlA of 11,705sqm incorporating a high clearance (9.7 metres) warehouse, with multiple access points, together with two level offices and amenities, b-double access, an expansive marshalling area and on-grade dock access.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 2008
ownership 100%
total GlA (sqm) 11,705
Car spaces n/a
ValUatIon
Valuation $28.0 million
Value ($/sqm) $2,392
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 11.0 years
occupancy 100%
major tenant (gla) sQm
smorgon steel 11,705
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64 | ChArter hAll ProPerty PortFolIo DeCember 2012
200 Holt Street Pinkenba Qld
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artist’s Impression
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the property comprises a 31,880sqm site, and it is proposed to construct new industrial buildings, providing a total GlA of circa 17,500sqm. the eagle Farm/Pinkenba industrial precinct is one of the most tightly held industrial precincts in brisbane and is sought after by industrial/commercial users, given its unparalleled access to the Gateway Arterial Network, Airport, Port and the brisbane CbD.
the property represents one of the last remaining large scale freehold industrial development sites in the precinct and provides for drive around access from dual entry/exit ports.
| sUmmary | |
|---|---|
| year built (or refurbished) | Development site |
| ownership | 100% |
| site area (ha) | 3.18 |
| Car spaces ValUatIon |
n/a |
| Valuation | $10.3 million |
| Value ($/sqm) | $321 |
| last external valuation date | 31 December 2012 |
| Valuer | Knight Frank |
140-160 Robinson Road geebung Qld
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140–160 robinson road comprises two industrial sites located within the core industrial precinct of Geebung, which is located within close proximity to brisbane airport and the gateway motorway. the properties have prominent frontage on robinson road, which is currently undergoing considerable gentrification toward a higher office/showroom style product. the acquisition of both the robinson road properties created an institutional grade industrial estate. the metrics for both properties are assessed as one single holding.
| sUmmary | |
|---|---|
| year built (or refurbished) | 2002-2006 |
| ownership | 100% |
| total GlA (sqm) | 17,376 |
| Car spaces ValUatIon |
n/a |
| Valuation | $27.0 million |
| Value ($/sqm) | $1,554 |
| last external valuation date | 31 December 2012 |
| Valuer tenanCy statIstICs |
Knight Frank |
| Wale (by income) | 2.9 years |
| occupancy major tenants |
100% (gla) sQm |
| tjm (subsidiary of Usa listed group CmI ltd) |
9,310 |
| Protector alsafe (100% subsidiary of Wesfarmers) |
4,396 |
| Wild republic (K&m toys) | 1,977 |
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Core PlUs InDUstrIal FUnD | 65
Core Plus Industrial Fund
Toll, 7 Viola Place brisbane airport Qld
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the property comprises a 14,920sqm leasehold site, improved with a newly completed logistics building, providing a 1,668sqm two level office and 4,881sqm warehouse, with a minimal internal clearance height of eight metres and an additional 1,370sqm of awnings and b-double access. off-street parking is provided for 105 cars.
the property is located within the newly developed brisbane airport business Park and sits alongside Dhl, repco and Custom Fleet, providing further support for the location as a logistics hub.
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sUmmary
year built (or refurbished) 2007
ownership 100%
total GlA (sqm) 6,550
Car spaces 105
ValUatIon
Valuation $8.5 million
Value ($/sqm) $1,298
last external valuation date 31 December 2012
Valuer Colliers International
tenanCy statIstICs
Wale (by income) 4.2 years
occupancy 100%
major tenant (gla) sQm
toll transport 6,550
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Citiport Industrial Estate 17 Sugarmill road, Pinkenba Qld
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the Citiport Industrial estate is located approximately nine kilometres north east of the brisbane CbD in the heart of the australia trade Precinct. the estate is accessed directly from sugarmill road and provides for good access and manoeuvrability.
the property comprises seven modern office and warehouse units erected in three buildings, together with a small central café tenancy and 135 car spaces and is 100% occupied. the estate has a gla of 14,244sqm with approved expansion potential of approximately 4,150sqm and ability to scale 3 separate allotments.
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sUmmary
year built (or refurbished) 1991/1996
ownership 100%
total GlA (sqm) 14,244
Car spaces n/a
ValUatIon
Valuation $22.0 million
Value ($/sqm) $1,545
last external valuation date 31 December 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 4.4 years
occupancy 95%
major tenants (gla) sQm
thales 6,307
sandvik 4,391
CV services 2,943
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66 | Charter hall ProPerty PortFolIo DeCember 2012
80-120 Canberra Street hemmant, Qld
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the property comprises a level and regular shaped industrial site of 4.8103 hectare (45,000sqm of useable) that is situated on a high profile corner location in the established and land constrained industrial area of hemmant within the southern trade Coast precinct of brisbane. the property is within close proximity to the Port of brisbane and is easily accessed via lytton road and the Port of brisbane motorway, with on/off ramps to the motorway located approximately 700 metres to the east. the site is also within close proximity to the gateway Arterial motorway, offering ease of access both north and south. this access to the Gateway offers the additional benefit of direct connection to other major transport corridors.
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----- Start of picture text -----
sUmmary
year built (or refurbished) n/a
ownership 100%
total GlA (sqm) 45,000
Car spaces n/a
ValUatIon
Valuation $15.8 million
Value ($/sqm) $350
last external valuation date 31 December 2012
Valuer Colliers
tenanCy statIstICs
Wale (by income) 9.9 years
occupancy 100%
major tenant (gla) sQm
tyne 45,000
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Coles Distribution Centre 136 horrie miller Drive, Perth WA
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the Coles Distribution Centre is a state-of-the-art logistics facility located on a 25 hectare site strategically situated within Perth Airport, ten kilometres east of the Perth CbD. the centre is located on horrie miller Drive, midway from its intersection with tonkin highway and Perth International terminal. Perth airport is one of the major logistics hubs in Western Australia, with tenants including Woolworths, toll, electrolux and linfox recently committing to large facilities along horrie miller Drive.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 2008
ownership 75%
total GlA (sqm) 81,647
Car spaces n/a
ValUatIon
Valuation (75%) $134.3 million
Value ($/sqm) $2,192
last external valuation date 30 june 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 15.4 years
occupancy 100%
major tenant (gla) sQm
Coles group ltd 81,647
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Core PlUs InDUstrIal FUnD | 67
Core Plus Industrial Fund
123-135 Kewdale Road Kewdale Wa
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the property is located approximately eight kilometres south of the Perth CbD, one kilometre south of Perth Airport and adjoins the Kewdale Freight terminal. It is a proven transport and distribution location, and is in close proximity to the leach, tonkin and roe highways.
the 4.5 hectare site contains a former Woolworths distribution centre, comprising approximately 2,013sqm of office and 27,942sqm of warehouse space. the facility provides complete drive around and double access, in addition to both on-grade and dock access.
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sUmmary
year built (or refurbished) 2007
ownership 100%
total GlA (sqm) 29,039
Car spaces n/a
ValUatIon
Valuation $34.5 million
Value ($/sqm) $1,189
last external valuation date 30 june 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 4.6 years
occupancy 100%
major tenants (gla) sQm
Chevron 14,362
myer 12,585
Woolworths 2,071
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218 Bannister Road Canning Vale Wa
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the property incorporates a modern logistics facility that has a gross lettable area of 98,295sqm with canopies, loading docks and ancillary areas of a further 8,630sqm located within the land constrained precint of Canning Vale. the high quality facility is in very good condition with the original improvements being circa 15-20 years old however approximately 21% of the improvements have been constructed over the last 2 years and are in new or near new condition.
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sUmmary
year built (or refurbished) 2011
ownership 50%
total GlA (sqm) 98,265
Car spaces 950
ValUatIon
Valuation $66.6 million
Value ($/sqm) $1,355
last external valuation date 31 march 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 11.0 years
occupancy 100%
major tenant (gla) sQm
metcash limited 98,265
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68 | Charter hall ProPerty PortFolIo DeCember 2012
Woolworths Distribution Centre 4-20 translink Avenue, launceston tas
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the Woolworths Distribution Centre is a state-of-the-art logistics facility located on a 19.8 hectare site which adjoins the northern end of launceston airport and is approximately 15 kilometres from launceston’s CbD. the building is highly energy efficient using the latest environmental controls and sustainability initiatives and also provides for significant expansion with development approval for the construction of another 25,000sqm of warehouse accommodation.
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----- Start of picture text -----
sUmmary
year built (or refurbished) 2012
ownership 100%
total GlA (sqm) 45,041
Car spaces 394
ValUatIon
Valuation (on completion) $74.0 million
Value ($/sqm) $1,643
last external valuation date 30 june 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 24.2 years
occupancy 100%
major tenant (gla) sQm
Woolworths ltd 45,041
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24 Muir Road, Chullora NSW
Core PlUs InDUstrIal FUnD | 69
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275 George Street, Brisbane Qld
70 | ChArter hAll ProPerty PortFolIo DeCember 2012
Charter Hall Opportunity Fund No.4
Charter Hall’s Opportunity Fund No.4 (CHOF4) was launched in 2005. The majority of CHOF4’s assets have been realised, with one asset remaining in the portfoilo.
Fund Statistics
CHOF4 Equity Allocation
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----- Start of picture text -----
Aquilo, Oak Avenue, Mentone 3% (realised) Gepps X Trade Centre, Adelaide 1% (realised)
Gepps Cross Centre, Adelaide 9% (realised)
275 George Street,
Brisbane 24% (realised)
Home HQ North Shore,
Artarmon 30%
Northbank Plaza, 69 Ann Street,
Brisbane 17% (realised)
Commercial development
Household retail development
Residential developments
Alluvion, 58 Mounts Bay Road, Perth 13% (realised) 420 George Street, Brisbane 3% (realised)
Industrial/ showroom development
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Property Portfolio Home HQ North Shore artarmon nsW
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located in Artarmon, the award-winning home hQ North Shore, is the first integrated household retail centre in Sydney’s lower North Shore, offering a one-stop shopping destination for all home, entertainment, technology and lifestyle needs.
Comprising approximately 22,186sqm of retail space with customer parking for 503 cars, the centre achieved the first 4 star Green Star rating for a household retail development in australia.
| sUmmary | |
|---|---|
| year built (or refurbished) | 2010 |
| ownership | 100% |
| total GlA (sqm) | 22,186 |
| Car spaces tenanCy statIstICs |
503 |
| Wale (by area) | 5.5 years |
| occupancy major tenants |
99% gla (sQm) |
| jb hiFi | 1,289 |
| the good guys | 3,076 |
| Freedom | 3,171 |
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ChArter hAll oPPortUNIty FUND No.4 | 71
WorkZone 202 Pier Street, Perth WA
72 | ChArter hAll ProPerty PortFolIo DeCember 2012
Charter Hall Opportunity Fund No.5
Charter Hall’s Opportunity Fund No.5 (CHOF5) was launched in early 2007. The Fund’s mandate is to identify, acquire and deliver property development and value-add opportunities across various sectors within the Manager’s existing skill base, including commercial, industrial, household retail and infill residential sectors located primarily in capital cities and metropolitan markets across Australia and New Zealand.
Fund Statistics
CHOF5 Equity Allocation
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----- Start of picture text -----
Unallocated equity 3% Fund costs and Trustee undertakings 5%
The Park Megacentre, Hastings NZ 6% 1408 Anzac Parade,
Little Bay NSW 25%
Workzone, 186-202 Pier Street,
Perth WA 20%
Lacrosse Apartments, Stage 1,
Melbourne Docklands Vic 12%
40 Creek Street, Brisbane Qld 24% (realised) Aquilo, Oak Avenue, Mentone Vic 5%
----- End of picture text -----
Commercial developments Household retail development Residential developments Fund costs and Trustee undertakings Unallocated equity
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Charter hall oPPortUnIty FUnD no.5 | 73
Charter Hall Opportunity Fund No.5
little Bay Cove 1408 Anzac Parade, little bay NSW
Aquilo 34-94 oak Avenue, mentone Vic
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----- Start of picture text -----
artist’s Impression
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one of Sydney’s last remaining coastal communities, little bay Cove is located on the southern-end of the prime eastern suburbs coastline, just 14 kilometres from the Sydney CbD. Situated on 13.6 hectares, this master planned community will feature approx. 570 dwellings, comprising architecturally designed apartments, courtyard homes plus vacant land lots, most with coastal views. the community is within walking distance to little bay beach, a local retail village and prestigious golf courses.
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Aquilo is a master planned community located in the sought-after bayside suburb of mentone, approximately 20km southeast of melbourne’s CbD. the community comprises 119 two storey architecturally designed townhouses designed to achieve a 5 star energy efficient rating.
the 3.33 hectare site is currently being developed and offers excellent proximity to mentone beach, parklands, public transport, shopping facilities, quality schools and local cafes.
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sUmmary
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| status | estate creation works underway |
|---|---|
| ownership | 50% |
| Development alliance | ta global berhad |
| no. of dwellings | >500 |
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----- Start of picture text -----
sUmmary
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| status | Under construction and >92% pre-sold |
|---|---|
| ownership | 100% |
| no. of dwellings | 119 |
The Park Megacentre 700 Caroline road, hastings NZ
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the Park megacentre enjoys a prime location on the CbD fringe in hastings, New Zealand. on completion it will comprise 25,000sqm of large format retail space with parking for 750 cars and is the premier integrated household centre within the region of hawkes bay. retailers Warehouse Group, mitre 10 mega and Fishing Camping outdoors are complete and open for trade.
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sUmmary
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| status | 73% of GlA commited |
|---|---|
| ownership | 100% |
| total GlA (sqm) | 25,500 |
| Car spaces | 750 |
74 | ChArter hAll ProPerty PortFolIo DeCember 2012
lacrosse Apartments - Stage 1 675 latrobe Street Docklands, melbourne Vic
WORKZONE 202 Pier Street, Perth WA
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lacrosse is situated in the heart of Docklands on la trobe Street, just 200m from the Victoria harbour waterfront. the building comprises 312 apartments over 21 levels with 151 car parking spaces and 1,350sqm of retail and commercial space fronting la trobe Street and the etihad stadium concourse.
lacrosse is the first multi-unit high rise apartment development in Victoria to have the national broadband network (nbn) delivered and installed and offers a modern urban lifestyle with all the luxuries of harbourside living on the fringe of the CbD with easy pedestrian access to southern Cross station.
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sUmmary
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| status | Completed and staged settlements underway |
|---|---|
| ownership | 100% |
| no. of dwellings | 312 |
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artist’s Impression
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WorkZone is one of Perth’s most innovative and sustainable office developments located in the rapidly developing CbD fringe.
this campus style workplace comprises a total NlA of 27,911sqm across two A-grade buildings with large, open and flexible floor plates of approximately 2,000sqm.
WorkZone has been designed to achieve a 5 star green star – office As built V3 rating and a 5 star NAberS energy rating and completion is due in september 2013.
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sUmmary
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| status | 76% pre-lease to leighton Contractors |
|---|---|
| ownership | 100% |
| total NlA (sqm) | 27,910 |
| typical foor plate (sqm) | building A: 2,440 buildingb: 1,950 |
| Car spaces | 224 |
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Charter hall oPPortUnIty FUnD no.5 | 75
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Unlisted retail Funds
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68 Pitt Street,Sydney NSW
76 | ChArter hAll ProPerty PortFolIo DeCember 2012
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UnlIsteD retaIl FUnDs | 77
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68 Pitt Street, Sydney NSW
78 | ChArter hAll ProPerty PortFolIo DeCember 2012
Charter Hall Direct Property Fund
Charter Hall Direct Property Fund (CHDPF) is an unlisted property fund, open for investment, that aims to provide regular, tax effective income payable quarterly from a diversified portfolio of direct property.
Fund Statistics
Top 10 tenants by gross income
| Australian Government | 10% | |
|---|---|---|
| Orica | 6% | |
| Barristers’ Chambers | 5% | |
| Wilson Parking | 4% | |
| SMEC Aus Pty Ltd | 4% | |
| DOF Subsea | 4% | |
| Davies Collison Cave | 4% | |
| Meat & Livestock Australia | 4% | |
| Adecco | 3% | |
| Citigroup | 2% |
Annual lease expiry by gross income
| by gross income | |||
|---|---|---|---|
| Vacant | 5% | ||
| FY13 | 8% | ||
| FY14 | 13% | ||
| FY15 | 17% | ||
| FY16 | 9% | ||
| FY17 | 8% | ||
| FY18 | 6% | ||
| FY19 | 7% | ||
| FY20 | 15% | ||
| FY21+ | 12% |
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ChArter hAll DIreCt ProPerty FUND | 79
Charter Hall Direct Property Fund
Sector diversification
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Cash & Other 1%
A REITs 2%
Unlisted Property fund 4% Direct Property 93%
71 Queens Road, Melbourne 5% 68 Pitt Street, Sydney 25%
165 Walker Street, North Sydney 5%
181 St Georges Terrace, Perth 6%
200 Queen Street, Melbourne 21%
504 Pacific Hwy, St Leonards 6%
2 Wentworth Street, Parramatta 7%
300 Adelaide Street, Brisbane 11% 1 Nicholson Street, Melbourne 14%
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Asset diversification by current value
80 | Charter hall ProPerty PortFolIo DeCember 2012
Geographical diversification by current value
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----- Start of picture text -----
Western Australia 5% New South Wales 44%
Queensland 11%
Victoria 40%
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Weighted Average lease Expiry by years
| 71 Queens Road, Melbourne Vic |
7.9 | |
|---|---|---|
| 1 Nicholson Street, Melbourne Vic |
5.7 | |
| 181 St Georges Terrace, Perth WA |
5.3 | |
| 68 Pitt Street, Sydney NSW |
4.4 | |
| 300 Adelaide Street, Brisbane Qld |
4.2 | |
| 200 Queen Street, Melbourne Vic |
3.9 | |
| 2 Wentworth Street, Parramatta NSW |
2.7 | |
| 165 Walker Street, North Sydney NSW |
1.9 | |
| 504 Pacific Hwy, St Leonards NSW |
1.2 | |
| WALE | 4.2 |
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Charter Hall Direct Property Fund
December 2012 Capitalisation rate 8.37%
December 2012 Discount rate
9.63%
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CHDPF DEC 2012 WALE WEIGHTED AVG RENT
OWNERSHIP VALuATION (yEARS) REVIEWS (%)
(%) (A$M)
68 Pitt Street,
100% 123.5 4.4 3.81%
sydney nsW
165 Walker Street
100% 24.7 1.9 4.57%
north sydney nsW
504 Pacific Highway
100% 30.0 1.2 4.12%
st leonards nsW
2 Wentworth Street,
100% 36.0 2.7 3.40%
Parramatta nsW
71 Queens Road,
100% 22.1 7.9 3.54%
melbourne Vic
200 Queen Street,
100% 105.0 3.9 3.79%
melbourne Vic
1 Nicholson Street, 100% 68.8 5.7 3.82%
melbourne Vic
300 Adelaide Street, 100% 51.5 4.2 4.78%
brisbane Qld
181 St Georges Terrace,
100% 27.0 5.3 4.50%
Perth Wa
TOTAl/WEIGHTED
488.6 [1] 4.2 3.99%
AVERAGE
----- End of picture text -----
- Charter hall Direct Property Fund also retains a $12.4m investment in listed AreIts and $21.9m invested in a wholesale unlisted property fund resulting in total funds under management of $522.9m.
82 | Charter hall ProPerty PortFolIo DeCember 2012
200 Queen Street, Melbourne Vic
==> picture [255 x 31] intentionally omitted <==
Charter Hall Direct Property Fund
68 Pitt Street sydney nsW
165 Walker Street north sydney nsW
==> picture [128 x 180] intentionally omitted <==
==> picture [129 x 180] intentionally omitted <==
==> picture [259 x 180] intentionally omitted <==
situated in the centre of the sydney CbD on the corner of Pitt and hunter Streets, the 26 level office building is in immediate proximity to Australia Square and Wynyard Station and benefits from four sides of natural light. the property was repositioned via refurbishment in December 2008.
the building comprises ground level entrance foyer and retail accommodation, lower ground office accommodation and six upper levels of office accommodation. located in the North Sydney CbD adjacent to the Warringah expressway, it has views over sydney harbour.
| sUmmary year built (or refurbished) 1965 (refurbished in 2008) grade b ownership 100% total NlA (sqm) 14,336 typical foor plate (sqm) 549 Car spaces 54 ValUatIon (31 DeCember 2012 booK ValUe) Valuation $123.5 million Value ($/sqm) $8,615 last external valuation date 30 june 2012 Valuer m3 Property tenanCy statIstICs Wale (by income) 4.4 years occupancy 100% major tenants nla (sQm) adecco 1,846 troy law services 1,253 abb australia 1,139 nIb dental and eye care centre 928 Citigroup ltd 414 |
sUmmary |
|---|---|
| year built (or refurbished) 1963 (refurbished in 1988 and 2001) |
|
| grade b |
|
| ownership 100% |
|
| total NlA (sqm) 5,279 |
|
| typical foor plate (sqm) 812 |
|
| Car spaces 43 |
|
| ValUatIon (31 DeCember 2012 booK ValUe) | |
| Valuation $24.7 million |
|
| Value ($/sqm) $4,685 |
|
| last external valuation date 30 june 2012 |
|
| Valuer Cbre |
|
| tenanCy statIstICs | |
| Wale (by income) 1.9 years |
|
| occupancy 91.8% |
|
| major tenant nla (sQm) |
|
| meat and livestock Australia ltd 3,171 | |
84 | ChArter hAll ProPerty PortFolIo DeCember 2012
504 Pacific Highway st leonards nsW
==> picture [259 x 180] intentionally omitted <==
A 14 level commercial building located on the south western alignment of the Pacific highway with a rear south eastern frontage to nicholson street and located within the heart of the st leonards commercial precinct.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1963 (refurbished in 1991)
grade b
ownership 100%
total NlA (sqm) 11,091
typical floor plate (sqm) 789
Car spaces 115
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $30.0 million
Value ($/sqm) $2,705
last external valuation date 30 june 2011
Valuer Knight Frank
tenanCy statIstICs
Wale (by income) 1.2 years
occupancy 66.4%
major tenant nla (sQm)
Southern Pacific hotel Corporation 1,775
----- End of picture text -----
2 Wentworth Street Parramatta nsW
==> picture [259 x 180] intentionally omitted <==
the A-grade office property comprises nine upper levels of office and three levels of parking. located on the corner of Wentworth street and Parkes street in the south eastern commercial precinct of Parramatta.
==> picture [259 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1990 (refurbished in 2011)
grade a
ownership 100%
total NlA (sqm) 10,953
typical floor plate (sqm) 1,023
Car spaces 118
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $36.0 million
Value ($/sqm) $3,292
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 2.7 years
occupancy 100%
major tenant nla (sQm)
nsW state government 9,584
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
Charter hall DIreCt ProPerty FUnD | 85
Charter Hall Direct Property Fund
71 Queens Road melbourne Vic
==> picture [128 x 180] intentionally omitted <==
==> picture [129 x 180] intentionally omitted <==
this fully refurbished office building comprises 12 levels of office accommodation, ground level retail and basement, ground and mezzanine car parking is provided. located in Queens road in close proximity to St Kilda road, the building enjoys uninterrupted views over albert Park.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1970 (various refurbishments)
grade b
ownership 100%
total NlA (sqm) 8,443
typical floor plate (sqm) 839
Car spaces 115
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $22.1 million
Value ($/sqm) $2,617
last external valuation date 30 june 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 7.9 years
occupancy 91.4%
major tenants nla (sQm)
smeC australia 6,025
----- End of picture text -----
200 Queen Street melbourne Vic
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
the A-grade commercial office building comprises nine levels of parking, ground level retail premises and office foyer and 25 levels of office accomodation. the building is well located close to the legal and financial precincts of melbourne’s CbD, reflected in the calibre of tenants, mainly legal service providers.
==> picture [260 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1982 (refurbished in 2007)
grade a
ownership 100%
total NlA (sqm) 19,732
typical floor plate (sqm) 813
Car spaces 413
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $105.0 million
Value ($/sqm) $5,321
last external valuation date 31 December 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 3.9 years
occupancy 99.4%
major tenants nla (sQm)
barristers Chambers ltd 6,127
australian government solicitors 3,270
----- End of picture text -----
86 | Charter hall ProPerty PortFolIo DeCember 2012
1 Nicholson Street melbourne Vic
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==> picture [128 x 180] intentionally omitted <==
melbourne’s first glass curtain wall facade ‘sky-scraper’, designed by bates smart and constructed in 1958. the building comprises 18 levels of office, ground floor retail cafe and basement parking. the building enjoys fantastic views over Parliament gardens and state Parliament house and is located close to public transport hubs, both tram and train.
==> picture [260 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1958 (refurbished in 2008)
grade b
ownership 100%
total NlA (sqm) 16,965
typical floor plate (sqm) 920
Car spaces 55
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $68.8 million
Value ($/sqm) $4,058
last external valuation date 30 june 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 5.7 years
occupancy 100%
major tenants nla (sQm)
orica 7,374
Davies Collison Cave 5,078
----- End of picture text -----
300 Adelaide Street brisbane Qld
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
the b-grade commercial office building comprising of 19 upper levels of office accommodation, ground floor retail premises, foyer and two levels of basement parking. the building underwent a major refurbishment in 2000, and the foyer and lifts were upgraded in 2009. the building is well located within close proximity to the brisbane river, Central Station and the Queen Street mall.
==> picture [260 x 259] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1974 (refurbished in 2000)
grade b
ownership 100%
total NlA (sqm) 13,134
typical floor plate (sqm) 650
Car spaces 41
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $51.5 million
Value ($/sqm) $3,921
last external valuation date 31 December 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 4.2 years
occupancy 88.9%
major tenant nla (sQm)
transaction network services 1,302
Caterpillar of australia 1,296
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
ChArter hAll DIreCt ProPerty FUND | 87
Charter Hall Direct Property Fund
181 St Georges Terrace Perth Wa
==> picture [128 x 180] intentionally omitted <==
==> picture [129 x 180] intentionally omitted <==
located at 181 St Georges terrace, the property comprises a modern A-grade quality office building comprising of ground floor foyer and retail tenancies and six upper level office floors. the property’s location on st georges terrace is the premier address for financial and commercial activity within the Perth CbD.
==> picture [260 x 259] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2000
grade a
ownership 100%
total NlA (sqm) 3,588
typical floor plate (sqm) 535
Car spaces 14
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $27.0 million
Value ($/sqm) $7,525
last external valuation date 31 December 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 5.3 years
occupancy 100%
major tenants nla (sQm)
DoF subsea 2,378
Westlink logistics 533
----- End of picture text -----
==> picture [288 x 842] intentionally omitted <==
88 | Charter hall ProPerty PortFolIo DeCember 2012
==> picture [596 x 842] intentionally omitted <==
----- Start of picture text -----
300 Adelaide Street, Brisbane Qld
Charter hall DIreCt ProPerty FUnD | 89
----- End of picture text -----
53 Berry Street, North Sydney NSW 90 | Charter hall ProPerty PortFolIo DeCember 2012
Charter Hall Diversified Property Fund
Charter Hall Diversified Property Fund (DPF), launched in November 2005, as an unlisted fund investing in quality assets across office, retail and industrial sectors throughout Australia, with properties generally valued in the range of $8 million to $40 million.
Fund Statistics
Top 4 tenants by gross income
==> picture [246 x 86] intentionally omitted <==
----- Start of picture text -----
Central Queensland 49%
University
Schenker Australia 10%
Visual Design Concepts 5%
Jets Transport Express 5%
----- End of picture text -----
Annual lease expiry by gross income
Geographical diversification by current value
==> picture [265 x 148] intentionally omitted <==
----- Start of picture text -----
Victoria 12% New South Wales 88%
----- End of picture text -----
==> picture [357 x 224] intentionally omitted <==
----- Start of picture text -----
Vacant 4%
FY13 0%
FY14 10%
FY15 14%
FY16 20%
FY17 0%
FY18 5%
FY19 0%
FY20 0%
FY21+ 48%
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
Charter hall DIVersIFIeD ProPerty FUnD | 91
Property Portfolio
December 2012 Capitalisation rate
8.38%
December 2012 Discount rate
9.43%
==> picture [540 x 158] intentionally omitted <==
----- Start of picture text -----
DPF DEC 2012 WALE WEIGHTED AVG RENT
OWNERSHIP (%) VALuATION (A$M) (yEARS) REVIEWS (%)
400 Kent Street,
75% 40.3 8.8 3.79%
sydney nsW
53 Berry Street,
100% 19.0 2.1 3.67%
north sydney nsW
95 South Centre Road and
1 and 15 Jets Court, 100% 8.2 2.7 2.80%
tullamarine Vic
TOTAl/WEIGHTED AVERAGE 67.5 5.9 3.57%
----- End of picture text -----
92 | Charter hall ProPerty PortFolIo DeCember 2012
Charter Hall Diversified Property Fund
400 Kent Street sydney nsW
53 Berry Street north sydney nsW
==> picture [259 x 180] intentionally omitted <==
==> picture [259 x 180] intentionally omitted <==
Situated in the western corridor of the CbD, 400 Kent Street comprises an 11 level office building and retains the façade of a former heritage building.
53 berry Street, is a modern seven level office building situated on the high profile south western corner of berry and miller Streets in the north sydney CbD. the property has prominent retail exposure.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1992 (refurbished in 2005)
grade b
ownership 75%
total NlA (sqm) 10,461
typical floor plate (sqm) 866
Car spaces 10
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (75%) $40.3 million
Value ($/sqm) $5,139
last external valuation date 30 april 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 8.8 years
occupancy 100%
major tenant nla (sQm)
Central Queensland University 9,541
----- End of picture text -----
==> picture [260 x 257] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1988
grade b
ownership 100%
total NlA (sqm) 3,536
typical floor plate (sqm) 550
Car spaces 30
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $19.0 million
Value ($/sqm) $5,377
last external valuation date 30 june 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 2.1 years
occupancy 85%
major tenants nla (sQm)
national Credit Insurance Providers 550
Ugl 549
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
Charter hall DIVersIFIeD ProPerty FUnD | 93
Charter Hall Diversified Property Fund
95 South Centre Road, 1 and 15 Jets Court tullamarine Vic
==> picture [259 x 180] intentionally omitted <==
south Centre road and jets Court combines a portfolio of three industrial leasehold investments located in the new melbourne Airport business Park, adjacent to the melbourne Airport.
==> picture [260 x 273] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2003/2004
grade Industrial
ownership 100%
total NlA (sqm) 10,462
typical floor plate (sqm) n/a
Car spaces 134
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $8.2 million
Value ($/sqm) $784
last external valuation date 31 December 2012
Valuer m3 property
tenanCy statIstICs
Wale (by income) 2.7 years
occupancy 100%
major tenants nla (sQm)
schenker 5,042
gibsons Freight 3,004
jets transport 2,416
----- End of picture text -----
94 | ChArter hAll ProPerty PortFolIo DeCember 2012
==> picture [268 x 31] intentionally omitted <==
400 Kent Street, Sydney NSW Charter hall DIVersIFIeD ProPerty FUnD | 95
Australia Post Distribution Centre, Kingsgrove NSW
96 | Charter hall ProPerty PortFolIo DeCember 2012
Charter Hall Direct Industrial Fund
Established in July 2010, the Charter Hall Direct Industrial Fund (DIF) is an unlisted property fund which invests directly in a diversified selection of prime Australian industrial assets. The Fund aims to provide investors with sustainable and stable, tax-advantaged income payable quarterly.
Top 5 tenants
by gross income
==> picture [381 x 109] intentionally omitted <==
----- Start of picture text -----
Coles Distribution Centre 22%
Woolworths
18%
Distribution Centre
Grace Worldwide 16%
Toll Holdings 14%
Electrolux 13%
----- End of picture text -----
Weighted Average lease Expiry
by years
| Coates Hire | 20.4 | ||
|---|---|---|---|
| Coles Distribution Centre | 15.4 | ||
| Australia Post | 13.5 | ||
| Toll Holdings | 12.9 | ||
| Electrolux | 12.0 | ||
| Grace Worldwide | 10.6 | ||
| Woolworths Distribution Centre |
8.0 | ||
| WALE | 12.8 |
==> picture [255 x 31] intentionally omitted <==
ChArter hAll DIreCt INDUStrIAl FUND | 97
Charter Hall Direct Industrial Fund
Geographical diversification by current value
==> picture [396 x 360] intentionally omitted <==
----- Start of picture text -----
New South Wales 8% Victoria 32%
South Australia 14%
Western Australia 22% [1] Queensland 24%
Australia Post Distribution Centre 8% Coles Distribution Centre 22% [1]
Coates Hire Distribution Centre 10% Woolworths Distribution Centre 19%
Toll Fleet & Auto Logistics Centre 12%
Electrolux Distribution Centre 13% Grace Worldwide Logistics 16%
----- End of picture text -----
Asset diversification by current value
note 1. Fund’s 25% interest
98 | Charter hall ProPerty PortFolIo DeCember 2012
December 2012 Capitalisation rate 8.01%
December 2012 Discount rate
9.89%
==> picture [539 x 259] intentionally omitted <==
----- Start of picture text -----
DIF DEC 2012 WALE WEIGHTED AVG RENT
OWNERSHIP (%) VALuATION (A$M) (yEARS) REVIEWS (%)
Australia Post Distribution Centre
100% 16.8 13.5 2.99%
Kingsgrove, NSW
Toll Fleet & Auto Logistics Centre
100% 25.5 12.9 3.50%
Altona, Vic
Woolworths Distribution Centre
100% 39.7 8.0 3.00%
hoppers Crossing, Vic
Coates Hire Distribution Centre
100% 21.0 20.4 4.00%
Kingston, Vic
Grace Worldwide Logistics Facility
100% 31.9 10.6 3.50%
Willawong Qld
Electrolux Distribution Centre
100% 27.2 12.0 3.50%
beverley, SA
Coles Distribution Centre [1]
25% 44.7 15.4 2.75%
Perth Airport, WA
TOTAl/WEIGHTED
206.8 12.8 3.25%
AVERAGE
----- End of picture text -----
==> picture [255 x 31] intentionally omitted <==
note 1. Fund’s 25% interest
Charter hall DIreCt InDUstrIal FUnD | 99
Charter Hall Direct Industrial Fund
Australia Post Distribution Centre Kingsgrove nsW
==> picture [259 x 180] intentionally omitted <==
the Australia Post Distribution Centre comprises an office and warehouse facility of 6,729sqm that is situated on a site of 13,803sqm. Practical completion was reached in June 2011. the property is located within the Kingsgrove industrial precinct, some 20 kilometres south-west of the sydney CbD and features convenient access to the m5 motorway, Sydney Airport and Port botany.
==> picture [260 x 229] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2011
grade Prime
ownership 100%
total GlA (sqm) 6,729
Car spaces 166
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $16.8 million
Value ($/sqm) $2,497
last external valuation date 31 December 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 13.5 years
occupancy 100%
major tenant gla (sQm)
australia Post 6,729
----- End of picture text -----
Toll Fleet & Auto logistics Centre altona north Vic
==> picture [259 x 180] intentionally omitted <==
the property comprises a new logistics facility of 6,310sqm that is situated on a site of 49,515sqm. Acquired in 2010, the property is located at Altona North, 14 kilometres west of melbourne’s CbD with direct access to the West Gate Freeway, the Port of melbourne and melbourne Airport. the sole tenant is a subsidiary of toll holdings, an ASX listed company with a market capitalisation of $4.1 billion.
==> picture [260 x 230] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2010
grade Prime
ownership 100%
total GlA (sqm) 6,310
Car spaces 196
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $25.5 million
Value ($/sqm) $4,041 [1]
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 12.9 years
occupancy 100%
major tenant gla (sQm)
toll holdings 6,310
----- End of picture text -----
- reflects low site cover ratio of 13%. Site sales rate is $515/sqm
100 | Charter hall ProPerty PortFolIo DeCember 2012
Woolworths Distribution Centre hoppers Crossing Vic
==> picture [259 x 180] intentionally omitted <==
the Woolworths Distribution Centre is a modern logistics facility situated on a site of 14.5 ha in the established industrial locality of hoppers Crossing, approximately 20kms south-west of melbourne CbD. the facility comprises of 52,364sqm GlA with canopies and loading docks of a further 5,354sqm. the sole tenant is Woolworths limited, the largest retail company in Australia and New Zealand by market capitalisation and sales.
==> picture [260 x 229] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1989
grade Prime
ownership 100%
total GlA (sqm) 52,364
Car spaces 343
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $39.7 million
Value ($/sqm) $757
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 8.0 years
occupancy 100%
major tenant gla (sQm)
Woolworths ltd 52,364
----- End of picture text -----
Coates Hire Distribution Centre Kingston, Qld
==> picture [259 x 180] intentionally omitted <==
the property was purpose built in 2012 for Coates hire, who are Australia’s largest equipment hire company with over 125 years experience in industry.
the property is situated on a site with a usable area of 5.4 ha that is located in the established industrial locality of Kingston, approximately 24 kilometres south-east of the brisbane CbD. the property features significant exposure to the logan motorway, which is one of south-east Queensland’s busiest transport routes.
==> picture [260 x 229] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2012/Current
grade Prime
ownership 100%
total GlA (sqm) 1,715
Car spaces 31
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $21 million
Value ($/sqm) $12,501 [1]
last external valuation date 1 september 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 20.4 years
occupancy 100%
major tenant gla (sQm)
Coates hire 1,715
----- End of picture text -----
- reflects low site cover ratio of 3%. Site sales rate is $389/sqm
==> picture [255 x 31] intentionally omitted <==
Charter hall DIreCt InDUstrIal FUnD | 101
Charter Hall Direct Industrial Fund
Grace Worldwide logistics Facility Willawong Qld
==> picture [259 x 180] intentionally omitted <==
the Grace Worldwide logistics Facility is located at Willawong, 17 kilometres south of brisbane’s CbD with easy access and egress to the logan motorway, Ipswich motorway and the brisbane CbD. the facility comprises a GlA of 22,108sqm that is situated on a site of 38,929sqm. the sole tenant, Grace Worldwide, is the largest records management, removals and storage company in Australia.
Electrolux Distribution Centre beverley, SA
==> picture [259 x 180] intentionally omitted <==
the brand new logistics facility incorporates a high clearance warehouse with attached air conditioned offices and showroom that has a combined gross lettable area of 25,562sqm. the facility was completed in December 2012 and was purpose built for electrolux, who occupy 100% of the property for a term of 12 years with fixed annual 3.5% rental reviews.
the property is situated on a site of 4ha in the inner ring suburb of beverley, approximately 6 kilometres north west of the Adelaide CbD in an established industrial precinct, with good access to major arterial roads and is in close proximity to the adelaide airport and Port of adelaide.
==> picture [260 x 229] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2011
grade Prime
ownership 100%
total GlA (sqm) 22,108
Car spaces 88
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $31.9 million
Value ($/sqm) $1,445
last external valuation date 31 December 2012
Valuer m3 Property
tenanCy statIstICs
Wale (by income) 10.6 years
occupancy 100%
major tenant gla (sQm)
grace Worldwide 21,108
----- End of picture text -----
==> picture [260 x 230] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2013
grade Prime
ownership 100%
total GlA (sqm) 25,562
Car spaces 155
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (25%) $27.2 million
Value ($/sqm) $1,061
last external valuation date 19 october 2012
Valuer Knight Frank
tenanCy statIstICs
Wale (by income) 12.0 years
occupancy 100%
major tenant gla (sQm)
electrolux home Products Pty ltd 25,562
----- End of picture text -----
102 | Charter hall ProPerty PortFolIo DeCember 2012
Coles Distribution Centre Perth airport Wa
==> picture [259 x 180] intentionally omitted <==
the Coles Distribution Centre is a state-of-the-art logistics facility located on a 25 hectare site strategically situated within Perth Airport, ten kilometres east of the Perth CbD. the centre is located on horrie miller Drive, midway from its intersection with tonkin highway and Perth International terminal. Perth airport is one of the major logistics hubs in Western Australia, with tenants including Woolworths, toll, electrolux and linfox recently committing to large facilities along horrie miller Drive.
==> picture [260 x 230] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2008
grade Prime
ownership 25%
total GlA (sqm) 81,647
Car spaces n/a
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (25%) $44.7 million
Value ($/sqm) $2,192
last external valuation date 30 june 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 15.4 years
occupancy 100%
major tenant gla (sQm)
Coles group ltd 81,647
----- End of picture text -----
Grace Worldwide Logistics Facility, Willawong Qld
==> picture [255 x 31] intentionally omitted <==
130 Stirling Street, Perth WA 104 | ChArter hAll ProPerty PortFolIo DeCember 2012
130 Stirling Street Trust (CHIF7)
130 Stirling Street Trust (CHIF7) is Charter Hall’s seventh closed-end syndicate, an unlisted property trust providing exposure to a high quality A-grade office building in the growth corridor of the Perth CBD fringe.
130 Stirling Street Perth Wa
==> picture [259 x 179] intentionally omitted <==
130 Stirling Street comprises four office levels plus retail tenancies with four levels of car parking. the property has achieved a 5.5 star nabers energy rating and is located on the northern fringe of the Perth CbD and has views to the city centre.
==> picture [260 x 273] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2009
grade a
ownership 100%
total NlA (sqm) 12,351
typical floor plate (sqm) 2,700 to 3,075
Car spaces 242
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $84.0 million
Value ($/sqm) $6,801
last external valuation date 31 December 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 6.3 years
occupancy 100%
major tenants nla (sQm)
Commonwealth government (medicare) 5,306
Wa Police and nurses Credit society 4,150
Downer edi mining Pty ltd 1,328
----- End of picture text -----
Fund Statistics
Top 5 tenants by gross income
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----- Start of picture text -----
Commonwealth
40%
Government (Medicare)
Police & Nurses
32%
Credit Society
Downer EDI 10%
HLB Mann Judd 9%
Wilson Parking 6%
----- End of picture text -----
Annual lease expiry by gross income
==> picture [250 x 224] intentionally omitted <==
----- Start of picture text -----
Vacant 0%
FY13 0%
FY14 0%
FY15 2%
FY16 10%
FY17 0%
FY18 0%
FY19 72%
FY20 10%
FY21+ 6%
----- End of picture text -----
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ChArter hAll INVeStmeNt FUND 7 | 105
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----- Start of picture text -----
144 Stirling Street, Perth WA
----- End of picture text -----
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106 | Charter hall ProPerty PortFolIo DeCember 2012
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144 Stirling Street Trust (CHIF8)
The Charter Hall Direct 144 Stirling Street Trust (CHIF8) is an unlisted property syndicate investing in a quality A-grade office building located in the Perth CBD fringe. The Trust aims to provide investors with sustainable and stable, tax-advantaged income and the potential for capital growth.
Hatch Building 144 Stirling Street, Perth WA
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the A-grade office building is located within the northern fringe of the Perth CbD, a rapidly emerging office precinct. the asset’s key tenants, include hatch, and minister for Works who occupy a total of 98% of the building’s nla. the remainder of the building is occupied by a retail tenant (167sqm).
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sUmmary
year built (or refurbished) 2001
grade a
ownership 100%
total NlA (sqm) 11,042
typical floor plate (sqm) 2,269 to 2,411
Car spaces 243
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $54.8 million
Value ($/sqm) $4,963
last external valuation date 30 april 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 7.2 years
occupancy 100%
major tenants nla (sQm)
hatch 7,349
minister for Works 3,525
Wilson 201 bays
----- End of picture text -----
Fund Statistics
Top 3 tenants by gross income
| Hatch | 63% | |
|---|---|---|
| Minister for Works | 23% | |
| Wilson Parking | 9% |
Annual lease expiry by gross income
| by gross income | ||
|---|---|---|
| Vacant | 0% | |
| FY13 | 0% | |
| FY14 | 1% | |
| FY15 | 0% | |
| FY16 | 25% | |
| FY17 | 0% | |
| FY18 | 0% | |
| FY19 | 0% | |
| FY20 | 0% | |
| FY21+ | 74% |
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ChArter hAll INVeStmeNt FUND 8 | 107
No.1 Martin Place, Sydney NSW
108 | Charter hall ProPerty PortFolIo DeCember 2012
No.1 Martin Place Trust
No.1 Martin Place Trust (1MPT) was established in 2002 to acquire a 50% interest in the office tower and car park located at No.1 Martin Place, Sydney.
No.1 Martin Place sydney nsW
Fund Statistics
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Annual lease expiry by gross income
==> picture [259 x 132] intentionally omitted <==
----- Start of picture text -----
Vacant 3%
FY13 0%
FY14 0%
FY15 79%
FY16 0%
FY17+ 18%
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Set in the financial heart of Sydney, No.1 martin Place is one of Australia’s most esteemed business addresses. the 24 level office building has flexible floor plans, floor-to-ceiling windows and views of the surrounding city - all in the centre of the sydney CbD. beneath the office tower is seven levels of basement car parking.
==> picture [260 x 258] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1999
grade a
ownership 50%
total NlA (sqm) 40,237
typical floor plate (sqm) 1,672
Car spaces 374
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (50%) $212.5 million
Value ($/sqm) $10,562
last external valuation date 30 june 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 2.7 years
occupancy 96%
major tenants nla (sQm)
macquarie Group 36,404
secure Parking 374 car parking
----- End of picture text -----
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no.1 martIn PlaCe trUst | 109
706 Mowbray Road, Lane Cove NSW
110 | Charter hall ProPerty PortFolIo DeCemeber 2012
PFA Diversified Property Trust
PFA Diversified Property Trust (PFA), is an unlisted property fund diversified across geographic location, property sector, tenant profile and lease expiry within Australia. The Trust was established in 2001 and currently invests in a office, industrial and retail property porfolio.
Fund Statistics
Top 5 tenants by gross income
==> picture [237 x 109] intentionally omitted <==
----- Start of picture text -----
Australian Government
36%
(federal & state agencies)
PBL 6%
Foxtel Management 5%
AP Facilities 5%
AAPT 5%
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Annual lease expiry by gross income
Geographical diversification by current value
==> picture [265 x 144] intentionally omitted <==
----- Start of picture text -----
ACT 8% New South Wales 37%
Tasmania 8%
Queensland 11%
Western Australia 13% Victoria 23%
----- End of picture text -----
==> picture [267 x 224] intentionally omitted <==
----- Start of picture text -----
Vacant 5%
FY13 6%
FY14 9%
FY15 9%
FY16 5%
FY17 32%
FY18 24%
FY19 7%
FY20 0%
FY21+ 3%
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PFa DIVersIFIeD ProPerty trUst | 111
Property Portfolio
December 2012 Capitalisation rate 9.19%
December 2012 Discount rate
9.77%
==> picture [540 x 432] intentionally omitted <==
----- Start of picture text -----
DPF DEC 2012 WALE WEIGHTED AVG RENT
OWNERSHIP (%) VALuATION (A$M) (yEARS) REVIEWS (%)
657 Pacific Highway,
100% 15.8 3.3 3.98%
St leonards, NSW
706 Mowbray Road,
100% 23.0 4.8 3.39%
lane Cove, NSW
Civic Tower, 66-68 Goulburn Street
50% 63.0 3.2 3.99%
Sydney, NSW
Riverdale Centre
100% 12.5 2.5 3.32%
49-65 macquarie Street, Dubbo NSW
The Octagon
50% 37.5 5.1 3.52%
Parramatta, NSW
390 St Kilda Road,
100% 50.3 2.7 3.80%
melbourne, Vic
Foxtel Building, 1-21 Dean Street
100% 26.0 4.3 3.00%
moonee Ponds, Vic
AAPT Centre 180-188 Burnley Street
100% 20.2 4.5 3.50%
richmond, Vic
Anzac Square, 200 Adelaide Street
100% 29.5 1.8 4.50%
brisbane, Qld
Cairns Hypermarket,
100% 16.2 3.0 3.39%
101-103 Spence Street Cairns, Qld
Sevenoaks, 303 Sevenoaks Street
100% 53.0 4.8 4.00%
Cannington, WA
Homeworld Centre,
100% 32.3 4.5 3.83%
150-180 Soward Way, tuggeranong ACt
Lands Building,
100% 34.0 5.3 0
134 macquarie Street, hobart tas
TOTAl/WEIGHTED AVERAGE 413.3 3.9 3.46%
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112 | Charter hall ProPerty PortFolIo DeCemeber 2012
PFA Diversified Property Trust
657 Pacific Highway st leonards nsW
==> picture [128 x 180] intentionally omitted <==
==> picture [129 x 180] intentionally omitted <==
this modern b Grade office building comprising ground floor retail and eight upper level office accommodation plus basement level parking for 47 vehicles.
==> picture [260 x 257] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1970
grade b
ownership 100
total NlA (sqm) 3,666
typical floor plate (sqm) 454
Car spaces 47
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $15.8 million
Value ($/sqm) $4,296
last external valuation date 31 December 2012
Valuer Knight Frank
tenanCy statIstICs
Wale (by income) 3.3
occupancy 99
major tenant nla (sQm)
sKm 1,144
st leonards health Club 849
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706 Mowbray Road lane Cove nsW
==> picture [259 x 180] intentionally omitted <==
the property incorporates a multilevel, hi-tech industrial complex comprising two three-level office buildings, two warehouse levels and four levels of basement parking and is located less than 10 kilometres from the sydney CbD.
==> picture [260 x 259] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1987
grade n/a
ownership 100
total NlA (sqm) 17,259
typical floor plate (sqm) 750
Car spaces 324
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $23.0 million
Value ($/sqm) $1,333
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 4.8
occupancy 89
major tenant nla (sQm)
aP Facilities 11,642
Vintage & Vine 1,541
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
PFa DIVersIFIeD ProPerty trUst | 113
PFA Diversified Property Trust
Civic Tower
66-68 Goulburn Street, Sydney NSW
==> picture [128 x 180] intentionally omitted <==
==> picture [129 x 180] intentionally omitted <==
Civic tower is a 24-floor building comprises a ground floor foyer and separate retail area. located on a prominent corner in the sydney mid-town with frontage on to both Castlereagh and goulburn streets its major tenants include Publishing and broadcasting limited (Pbl) and the Federal Department of Public Prosecutions.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 2004
grade a
ownership 50%
total NlA (sqm) 23,176
typical floor plate (sqm) 975
Car spaces 54
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (50%) $63.0 million
Value ($/sqm) $5,437
last external valuation date 31 august 2011
Valuer Knight Frank
tenanCy statIstICs
Wale (by income) 3.2
occupancy 100%
major tenants nla (sQm)
Pbl 10,432
----- End of picture text -----
Riverdale Centre
49-65 macquarie Street, Dubbo NSW
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the riverdale Centre is a quality community shopping and entertainment complex located in the heart of the strategically located inland nsW city of Dubbo. the Centre includes a Woolworths supermarket, specialty shops, and the only cinema complex in Dubbo.
==> picture [260 x 259] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1999
grade neighbourhood
ownership 100%
total NlA (sqm) 6,157
typical floor plate (sqm) n/a
Car spaces 299
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $12.5 million
Value ($/sqm) $2,030
last external valuation date 30 june 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 2.5
occupancy 99
major tenant nla (sQm)
Woolworths 2,902
reading entertainment 2,058
----- End of picture text -----*
*Includes Woolworths liquor
114 | ChArter hAll ProPerty PortFolIo DeCemeber 2012
The Octagon Parramatta nsW
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
this modern, seven-storey commercial building comprises ground floor lobby, retail and quality office space spread across eight octagonal pods. located within the heart of the established Parramatta CbD financial district, the octagon has dual street frontage onto Phillip and george streets.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1990
grade a
ownership 50%
total NlA (sqm) 20,773
typical floor plate (sqm) 330-550
Car spaces 333
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (50%) $37.5 million
Value ($/sqm) 3,610
last external valuation date 31 December 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 5.1
occupancy 95.3
major tenant nla (sQm)
state Property authority 17,213
----- End of picture text -----
390 St Kilda Road melbourne Vic
==> picture [129 x 180] intentionally omitted <==
==> picture [128 x 180] intentionally omitted <==
the property is a refurbished older style office building comprising 23 levels of office accommodation, five levels of basement parking for 219 vehicles. It’s rectangular floor plates achieve good levels of natural light and views from the north-east and south-west elevations.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1975
grade b
ownership 100%
total NlA (sqm) 16,287
typical floor plate (sqm) 750
Car spaces 219
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $50.3 million
Value ($/sqm) 3,088
last external valuation date 31 December 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 2.7
occupancy 83
major tenant nla (sQm)
toll transport 1,920
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
PFa DIVersIFIeD ProPerty trUst | 115
PFA Diversified Property Trust
Foxtel Building 1-21 Dean Street, moonee Ponds Vic
AAPT Centre 180-188 burnley St, richmond Vic
==> picture [259 x 180] intentionally omitted <==
==> picture [259 x 180] intentionally omitted <==
Purpose-built by Foxtel for its own occupation, and features virtually uninterrupted natural light and a central, four-level high atrium with a translucent ceiling and suspended stairways. adjoining the building is a two level car parking deck providing parking for 181 car spaces in addition to the 69 on grade car spaces.
the AAPt Centre comprises a two level office/warehouse located in the eastern fringe suburb of richmond, considered one of melbourne’s premier suburban office localities, and obtains high volumes of traffic & street exposure given its proximity to the monash Freeway.
==> picture [541 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary sUmmary
year built (or refurbished) 2004 year built (or refurbished) 1980
grade b grade b
ownership 100% ownership 100%
total NlA (sqm) 7,136 total NlA (sqm) 5,665
typical floor plate (sqm) 1,730 typical floor plate (sqm) 2,747
Car spaces 250 Car spaces 121
ValUatIon (31 DeCember 2012 booK ValUe) ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $26.0 million Valuation $20.2 million
Value ($/sqm) $3,643 Value ($/sqm) $3,566
last external valuation date 31 December 2012 last external valuation date 31 December 2012
Valuer Cbre Valuer Price
tenanCy statIstICs tenanCy statIstICs
Wale (by income) 4.3 Wale (by income) 4.5
occupancy 100% occupancy 100%
major tenants nla (sQm) major tenants nla (sQm)
Foxtel management 7,136 aaPt 5,557
----- End of picture text -----
116 | Charter hall ProPerty PortFolIo DeCemeber 2012
Anzac Square 200 Adelaide Street, brisbane Qld
==> picture [259 x 180] intentionally omitted <==
Anzac Square offices is the commercial component of the award-winning Anzac Square heritage complex in the heart of the brisbane CbD.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1999
grade b
ownership 100%
total NlA (sqm) 6,180
typical floor plate (sqm) 542-1010
Car spaces 28
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $29.5 million
Value ($/sqm) $4,773
last external valuation date 30 june 2012
Valuer Colliers
tenanCy statIstICs
Wale (by income) 1.8
occupancy 100%
major tenant nla (sQm)
state of Queensland (health) 3,568
----- End of picture text -----
Cairns Hypermart 101-103 Spence Street, Cairns Qld
==> picture [259 x 180] intentionally omitted <==
Cairns hypermarket is a mixed-use complex located on a major arterial road linking the Cairns CbD to the north-south highway. the proerty combines a bulky goods retail centre, a warehouse facility and a small office component.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) Circa 1995
grade bulky goods
ownership 100%
total NlA (sqm) 15,287
typical floor plate (sqm) n/a
Car spaces 162
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation (75%) $16.2 million
Value ($/sqm) $1,112
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 3.0
occupancy 94%
major tenant nla (sQm)
harvey norman 6,027
----- End of picture text -----
==> picture [268 x 31] intentionally omitted <==
PFA DIVerSIFIeD ProPerty trUSt | 117
PFA Diversified Property Trust
Sevenoaks Cannington Wa
==> picture [259 x 180] intentionally omitted <==
this modern four-level office building is situated in the Perth suburb of Cannington, approximately 12km from the Perth CbD. the property offers large floorplates which are highly attractive to government and large corporate tenants for spatial efficiencies, and two internal atriums within the building that enhance natural lighting.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1992
grade b
ownership 100%
total NlA (sqm) 20,817
typical floor plate (sqm) 5,500
Car spaces 100
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $53.0 million
Value ($/sqm) $2,546
last external valuation date 31 December 2012
Valuer Cbre
tenanCy statIstICs
Wale (by income) 4.8
occupancy 100%
major tenants nla (sQm)
Western australian government 20,817
----- End of picture text -----
Homeworld Centre
150-180 Soward Way, tuggeranong ACt
==> picture [259 x 180] intentionally omitted <==
homeworld Centre is a mixed-use property comprising a unique mix of convenience-style retail with a first floor office use. located at tuggeranong, approximately 22 kilometres south-west of the centre of Canberra, homeworld is adjacent to tuggeranong’s Centro regional shopping centre and is anchored by aldi and Dan murphy’s.
==> picture [260 x 259] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1987
grade sub-regional
ownership 100%
total NlA (sqm) 12,200
typical floor plate (sqm) n/a
Car spaces 333
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $32.3 million
Value ($/sqm) $2,648
last external valuation date 31 December 2012
Valuer savills
tenanCy statIstICs
Wale (by income) 4.5
occupancy 89
major tenant nla (sQm)
Commonwealth of australia 3,739
Dan murphy’s 1,245
----- End of picture text -----
118 | Charter hall ProPerty PortFolIo DeCemeber 2012
lands Building hobart tas
==> picture [128 x 180] intentionally omitted <==
==> picture [129 x 180] intentionally omitted <==
the lands building is a 10 level office complex plus a basement with 16 car parks and archival quality storage spaces, and located in the prime southern precinct of hobart’s CbD. the property underwent a major refurbishment in 1998 to maintain its a grade status.
==> picture [260 x 244] intentionally omitted <==
----- Start of picture text -----
sUmmary
year built (or refurbished) 1975
grade a
ownership 100%
total NlA (sqm) 11,675
typical floor plate (sqm) 1,182
Car spaces 17
ValUatIon (31 DeCember 2012 booK ValUe)
Valuation $34.0 million
Value ($/sqm) $2,912
last external valuation date 31 December 2012
Valuer jones lang lasalle
tenanCy statIstICs
Wale (by income) 5.3
occupancy 100%
major tenant nla (sQm)
state government of tasmania 11,675
----- End of picture text -----
Civic Tower 66-68 Goulburn Street, Sydney NSW
==> picture [268 x 31] intentionally omitted <==
685 LaTrobe Street, Melbourne Vic
120 | Charter hall ProPerty PortFolIo DeCember 2012
==> picture [287 x 842] intentionally omitted <==
Charter Hall Group
Charter Hall Group has a 50% interest in an office development project at 685 La Trobe Street, Melbourne.
685 la Trobe Street melbourne Vic
==> picture [129 x 180] intentionally omitted <==
----- Start of picture text -----
artist’s Impression
----- End of picture text -----
==> picture [128 x 180] intentionally omitted <==
----- Start of picture text -----
artist’s Impression
----- End of picture text -----
Developed through a joint Venture between Charter hall and Flagship Pty ltd, 685 la trobe will be a new, highly efficient, 37,000sqm A-grade office building that offers an open, transparent and flexible workspace over 12 levels in the heart of Docklands’ stadium Precinct. With large floorplates comprising 3,300sqm, it allows the flexibility to create dynamic meeting spaces for teams to work efficiently and collaborate easily.
the building is designed to achieve a 5 star green star rating and a 5 star NAberS energy rating and comprises 137 car spaces, a dedicated hub for 250 bicycles and 1,100sqm of retail.
Charter hall is currently sourcing tenant pre-commitments for the project.
==> picture [260 x 18] intentionally omitted <==
----- Start of picture text -----
sUmmary
----- End of picture text -----
| status | Pre-leasing |
|---|---|
| ownership | 50% |
| total NlA (sqm) | 38,347 |
| typical foor plate (sqm) | 3,300 |
| jV Partner | Flagship Pty ltd |
| Car spaces | 136 |
Charter hall groUP | 121
Index
Charter Hall Retail REIT (ASX:CQR)
Charter Hall Retail REIT (ASX:CQR)
| Charter Hall Retail REIT (ASX:CQR) | Charter Hall Retail REIT (ASX:CQR) |
|---|---|
| neW soUth Wales bathurst Chase,39 William Street,bathurst 13 Cooma Woolworths,12-20 Vale Street,Cooma 13 Cootamundra Woolworths,Parker lane,Cootamundra 13 Dubbo Square,177 macquarie Street,Dubbo 13 earlwood Coles,5-15 Clarke Street,earlwood 13 Pemulwuymarketplace,250 Greystanes rd,Greystanes 13 mackenzie mall,179 bourke Street,Glen Innes 13 Goonellabah Village,1 Simeoni Drive,Goonellabah 13 Gordon Village Centre,802-808 Pacifc highway,Gordon 13 Carnes hill marketplace,Cnr Cowpasture and Kurrajongroads,horningsea Park 13 Jerrabomberra Village,limestone Drive,Jerrabomberra 13 Kings langley Shopping Centre, James Cook Drive, Kings langley 13 highlands marketplace,197 old hume highway,mittagong 13 balo Square,85 balo Street,moree 13 morisset ShoppingCentre,35 yambo Street,morisset 13 lake macquarie Fair,South Street,mt hutton NSW 13 mount hutton Plaza,South Street,mt hutton NSW 13 mudgee metroplaza,84-86 mortimer Street,mudgee 13 Sunnyside mall, Cnr Wollumbin & brisbane Street, murwillumbah 13 Narrabri Coles,154 maitland Street,Narrabri 13 Kierath’s ShoppingSquare,76 Dandaloo Street,Narromine 13 orange Central,227-237 Summer Street,orange 13 Parkes metroplaza,299 Clarinda Street,Parkes 13 rosehill Woolworths,28-30 oak Street,Parramatta 13 rutherford marketplace,1 hillviews St,rutherford 13 Gowrie Street mall, 1 Gowrie Street, Singleton 13 thornleigh marketplace, 2-12 the Comenarra Pkwy, thornleigh 13 tumut Coles,29-39 russel Street,tumut 13 Wellington Coles,128-140 PercySt,Wellington 13 West ryde marketplace,14 Anthonyrd,West ryde 13 Windsor marketplace,6-16 Kable St,Windsor 13 Woolworths,boorowa Street,young 13 VICtorIa Coles,96-118 main Street,bairnsdale 14 lansell Square,267 high Street,Kangaroo Flat(bendigo) 14 Pakington Strand 95-103 Pakington St,GeelongWest 14 Safeway,Cnr Shadford and Nolan Street,Kerang 14 Kyneton ShoppingCentre, 7 Jennings Street, Kyneton 14 olive tree ShoppingCentre,118 main Street,lilydale 14 Coles,92 Albert Street,moe 14 Kmart,Cnr Albert Street & britter lane,moe 14 home hQ Nunawading, 327-394 Whitehorse road,Nunawading 14 |
QUeenslanD |
| Albany Creek ShoppingCentre, Albany Creey 14 |
|
| tablelands Village, 14 Cook Street, Atherton 14 |
|
| bribie Island Shopping Centre, Cnr Goodwin Drive and hornsby road, bongaree 14 |
|
| Caboolture Park Shopping Centre, 60-78 King Street, Caboolture 14 |
|
| Currimundi markets, Cnr Nicklin Way and bellara Drive, Currimundi 14 |
|
| Gatton Plaza, 114 Spencer Street, Gatton 14 |
|
| Gladstone ShoppingCentre, Gladstone 14 |
|
| bay Plaza, 27 torquay Street, Pialba 14 |
|
| Kallangur Fair, 1473 Anzac Avenue, Kallangur 14 |
|
| Sydney Street markets, 31 Gordon Street, mackay 14 |
|
| mareeba Plaza, 241 byrnes road, mareeba 14 |
|
| moranbah Fair, Street Francis Drive, moranbah 14 |
|
| Allenstown Plaza, 42 Caroline Street, rockhampton 14 |
|
| Springfeld Fair,Corner topaz rd and Springfeld Parkway, Springfeld 14 |
|
| soUth aUstralIa | |
| Wharfands Plaza, tassie Street, Port Augusta 15 |
|
| renmark Plaza, Corner renmark Avenue and twentieth Street, renmark 15 |
|
| Western aUstralIa | |
| Albany Plaza, 38 Albany highway Albany 15 |
|
| ballajura Central, cnr hamelin & bellefn Drive ballajura 15 |
|
| Carnarvon Central, robinson Street Carnarvon 15 |
|
| Collie Central, Johnson Street, Collie 15 |
|
| esperance boulevard, Corner Forrest & Windich Street esperance 15 |
|
| Kalgoorlie Central, Corner hannan and Wilson Street Kalgoorlie 15 |
|
| Coles, Corner Guildford road and Caledonian Avenue maylands 15 |
|
| Coles, Corner ensign and earl Street Narrogin 15 |
|
| South hedland Shopping Centre, throssell road South hedland 15 |
|
| Swan View Shopping Centre, Corner Gladstone and marlboro street swan View 15 |
|
| Wanneroo Central, 950 Wanneroo road Wanneroo 15 |
|
122 | Charter hall ProPerty PortFolIo DeCember 2012
Charter Hall Retail REIT (ASX:CQR)
| aCt | ||
|---|---|---|
| Woolworths, 1 Dickson Place, Dickson | 16 | |
| manuka terrace, Corner Flinders Way and Franklin Street, manuka erindale Shopping Centre, 50-68 Comrie Street, Wanniassa |
16 16 |
|
| tasmanIa | ||
| Coles, 165a elphin road, Newstead | 16 | |
| Woolworths, 142 Nelson Street, Smithton Woolworths, 68 Goldie Street, Wynyard |
16 16 |
|
| PolanD | ||
| Arena, Gliwice | 17 | |
| borek, Wroclaw | 17 | |
| Dabrowka, Katowice | 17 | |
| turzyn, Szczecin | 17 | |
| Zakopianka, Krakow | 17 | |
| germany | ||
| Alt Chemnitz Center, Chemnitz | 17 | |
| burgaupark Jena, Jena | 17 | |
| Non-core Assets | ||
| neW ZealanD | ||
| new Zealand properties | 18 | |
| UnIteD states | ||
| hilltop Village, Colorado | 18 | |
| Kleinwood Center, texas | 18 | |
| murray landing, South Carolina | 18 | |
| Vineyard ShoppingCenter, Florida | 18 | |
| Centennial Crossroads Plaza, Nevada | 18 | |
| Powers Ferry Kroger, Georgia | 18 | |
| Woodstock Crossing, Georgia | 18 |
Direct Retail Fund (DRF)
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neW soUth Wales
menai Central, Sydney 26
VICtorIa
home hQ Nunawading,
26
327-394 Whitehorse road, Nunawading
QUeenslanD
home hQ Ipswich, Ipswich 27
Charter Hall Office Trust (CHOT)
neW soUth Wales
CitiCentre, 2 Park Street, Sydney 33
No.1 martin Place, Sydney 33
Allianz Centre, 2 market Street, Sydney 34
59 Goulburn Street, Sydney 34
the Denison, 65 berry Street, North Sydney 35
Charter Grove, 29-57 Christie Street, St leonards 35
Avaya house, 123 epping road, macquarie Park 36
Wentworth Place, 9 Wentworth Street, Parramatta 36
Australian taxation office, 266 King Street, Newcastle 37
VICtorIa
Argus Centre, 300 latrobe Street, melbourne 37
150 lonsdale Street, melbourne 38
171 Collins Street, melbourne 38
5 Queens road, melbourne 39
Australia taxation office, 6-20 Gladstone Street, moonee Ponds 39
QUeenslanD
175 eagle Street, brisbane 40
Capital hill, 83-85 George Street, brisbane 40
Western aUstralIa
eastpoint Plaza, 233-237 Adelaide terrace, Perth 41
aCt
Australia Place, 14 mort Street, Canberra 41
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Charter hall DIVersIFIeD ProPerty FUnD InDeX | 123
Index
Core Plus Office Fund (CPOF)
neW soUth Wales
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167 macquarie Street, Sydney 48
St George bank, 4-16 montgomery Street, Kogarah 48
331 and 333 George Street, Sydney 49
9 Castlereagh Street, Sydney 49
VICtorIa
11-33 exhibition Street, melbourne 50
570 bourke Street, melbourne 50
0QUeenslanD
brisbane Square, brisbane 51
275 George Street, brisbane 51
Northbank Plaza, 69 Ann Street, brisbane 52
soUth aUstralIa
51 Pirie Street, Adelaide 52
bank SA, 97 William Street, Adelaide 53
bhP house, 225 St Georges terrace, Perth 53
109 St Georges terrace, Perth 54
Core Plus Industrial Fund (CPIF)
neW soUth Wales
Volkswagen, 24 muir road, Chullora 61
Chatswood business Park,
61
372 eastern Valley Way, Chatswood
56 Anzac Street, Chullora 62
VICtorIa
41-57 South Centre road, melbourne Airport business
62
Park, tullamarine
130-138 link road, melbourne Airport business Park,
63
tullamarine
55-65 Sky road, melbourne Airport business Park,
63
tullamarine
309 Fitzgerald road, Derrimut 64
QUeenslanD
30 main beach road, Pinkenba 64
200 holt Street, Pinkenba 65
140-160 robinson road, Geebung 65
toll, 7 Viola Place, brisbane Airport 66
Citiport Industrial estate,17 Sugarmill road, meeandah 66
80-120 Canberra Street, hemmant 67
Western aUstralIa
Coles Distribution Centre, 136 horrie miller Drive, Perth 67
123-135 Kewdale road, Kewdale 68
tasmanIa
metcash Distribution Centre, 218 bannister road,
68
Canning Vale
Woolworths Distribution Centre, 4-20 translink Avenue,
69
launceston
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Charter Hall Opportunity Fund No.4 (CHOF4)
| neW soUth Wales | |||
|---|---|---|---|
| home hQ North Shore, Artarmon | 71 |
Charter Hall Opportunity Fund No.5 (CHOF5)
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neW soUth Wales
little bay, 1408 Anzac Parade, little bay 74
VICtorIa
Aquilo, 34-94 oak Avenue, mentone 74
lacrosse Apartments – Stage 1, melbourne Docklands 75
Western aUstralIa
WorKZoNe, 202 Pier Street, Perth 75
neW ZealnD
home hQ hastings, 700 Caroline road, hastings 74
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124 | ChArter hAll ProPerty PortFolIo DeCember 2012
Direct Property Fund (CHDPF)
130 Stirling Street (CHIF7)
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neW soUth Wales
68 Pitt Street, Sydney 84
165 Walker Street, North Sydney 84
504 Pacific highway, St leonards 85
2 Wentworth Street, Parramatta 85
VICtorIa
71 Queens road, melbourne 86
200 Queen Street, melbourne 86
1 Nicholson Street, melbourne 87
QUeenslanD
300 Adelaide Street, brisbane 87
Western aUstralIa
181 St Georges terrace, Perth 88
Diversified Property Fund (DPF)
neW soUth Wales
400 Kent Street, Sydney 93
53 berry Street, North Sydney 93
VICtorIa
South Centre road and Jets Court,
94
melbourne Airport business Park, tullamarine
Direct Industrial Fund (DIF)
neW soUth Wales
Australia Post Distribution Centre, Kingsgrove 100
VICtorIa
toll Fleet and Auto logistics Centre, Altona North 100
QUeenslanD
Woolworths Distribution Centre, hoppers Crossing 101
Coates hire Distribution Centre, Kingston 101
Grace Worldwide logistics Facility, Willawong 102
electrolux Distribution Centre, beverley 102
Coles Distribution Centre, horrie miller Drive, Perth Airport 103
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Western aUstralIa
130 Stirling Street, Perth 105
144 Stirling Street (CHIF8)
Western aUstralIa
hatch building, 144 Stirling Street, Perth 107
No.1 Martin Place Trust (1MPT)
neW soUth Wales
No.1 martin Place, Sydney 109
PFA Diversified Property Trust
neW soUth Wales
657 Pacific highway, St leonards 113
706 mowbray road, lane Cove 113
Civic tower 66-68 Goulburn Street, Sydney 114
riverdale Centre 49-65 macquarie Street, Dubbo 114
the octagon, Parramatta 115
VICtorIa
390 St Kilda road, melbourne 115
Foxtel building 1-21 Dean Street, moonee Ponds 116
AAPt Centre 180-188 burnley St, richmond 116
QUeenslanD
Anzac Square 200 Adelaide Street, brisbane 117
Cairns hypermart 101-103 Spence Street, Cairns 117
Western aUstralIa
sevenoaks Cannington 118
aCt
homeworld Centre 150-180 Soward Way, tuggeranong 118
tasmanIa
lands building, hobart 118
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| Charter Hall Group | ||
|---|---|---|
| VICtorIa | ||
| 685 latrobe Street,melbourne 120 |
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Charter hall DIVersIFIeD ProPerty FUnD InDeX | 125
No.1 Martin Place , Sydney NSW Australia
126 | Charter hall ProPerty PortFolIo DeCember 2012
Further Information
Enquiries
nick Kelly head of Investor relations +61 2 8908 4028 [email protected]
Disclaimer:
this document has been prepared by Charter hall Group (Charter hall limited (AbN 57 113 531 150) and Charter hall Funds management limited (AbN 31 082 991 786) (AFSl 262861) as the responsible entity for Charter hall Property trust (ArSN 113 339 147) (together, the Charter hall Group or the Group). It is a summary and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. A reader should, before making any decisions in relation to their investment or potential investment in the Charter hall Group, seek their own professional advice. this document is not an offer or invitation for subscription or purchase of securities or other financial products.
Indications of, and guidance on, future earnings and financial position and performance are “forward-looking statements”. Due care and attention has been used in the preparation of any forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Group, that may cause actual results to differ materially from those expressed or implied in such statements. there can be no assurance that actual outcomes will not differ materially from these statements. except as required by law, the Group does not undertake any obligation to publicly update or review any forward - looking statements, whether as a result of new information or future events.
Charter Hall fund’s currently accepting investments
the responsible entity of Charter hall Direct Property Fund (“ChDPF”) Charter hall Property Securities Fund (“ChPSF”) and Charter hall Direct Industrial Fund No.2 (“DIF2) is Charter hall Direct Property management limited (“ChDPml”) (AbN 56 073 623 784, AFSl 226849). ChDPml has issued a product disclosure statement (“PDS”) for ChDPF dated 20 December 2010, ChPSF dated 19 November 2010 and DIF2 dated 17 December 2012. the PDSs for the aforementioned funds (“Funds”) set out the offer to apply for units in the Funds. If you are considering an investment in a Fund or Funds you should read the relevant PDS in its entirety and consider the information set out in the PDS in relation to the offer. you can request a copy of a Fund’s PDS, free of charge, by calling ChDPml on 1300 652 790. Applications for units must be made in the application form acompanying the relevant PDS
this information has been made available to the recipient for information purposes only. It is not intended to be, and does not constitute a product disclosure statement, prospectus, short form prospectus or profile statement as those terms are defined in the Corporations Act. It does not constitute an offer for the issue, sale or purchase of any securities, or any recommendation in relation to investing in any asset. this document has been prepared without taking account of any particular investor’s objectives, financial situation or needs. For this reason, it is important that you consider the PDS for the offer and consider whether to seek appropriate professional advice before making any investment decision. entities within the Charter hall Group may receive fees for managing the assets of, and providing resources to each Fund. For more detail on fees, see the relevant PDS.
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ChArter hAll DIVerSIFIeD ProPerty FUND INDeX | 127
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www.charterhall.com.au