CHARTER HALL GROUP — Capital/Financing Update 2009

Jan 19, 2009

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ASX/MEDIA ANNOUNCEMENT

QGC 10,344m[2 ] LEASE FULLY COMMITS CHARTER HALL’S 40,000m[2] BRISBANE OFFICE TOWER

Tuesday, 20 January 2009

Charter Hall Group (CHC) is pleased to announce that QGC has leased 10,344m [2] of commercial A-Grade office space (levels 23-30) for a 10 year term at Charter Hall’s new flagship office tower, 275 George Street, which is currently under construction in Brisbane’s CBD.

275 George Street, jointly owned and developed by Charter Hall’s Core Plus Office Fund (CPOF) and Charter Hall Opportunity Fund 4 (CHOF4), is part of Charter Hall Group’s $600 million Brisbane CBD office development. The development comprises 40,000m [2] of contemporary A-grade office space over 30 levels plus 1,430m [2] of retail space. 275 George Street achieved a 5 Star Green Star - Office Design v2 rating last year, reinforcing Charter Hall’s commitment to achieving excellence through its Environmental, Social and Corporate Governance (ESG) initiatives.

In December 2006, Charter Hall secured Brisbane’s largest tenant pre-commitment by agreeing terms with Telstra for approximately 50,000m[2] of office in 275 George Street and the adjoining Northbank Plaza. The commitment by QGC and Telstra brings the pre-leasing of the office tower at 275 George Street to 100%.

David Southon, Charter Hall’s Joint Managing Director said: “Charter Hall is delighted to have QGC as a tenant for the remaining high rise space at 275 George Street. The Group’s goal at the outset was to work closely with architects, Crone Partners and the rest of the consultant team to create a striking, highly specified and functional building that would provide real value for Brisbane’s leading corporate tenants. We are very pleased to have successfully achieved that objective by attracting QGC and Telstra to commit to lease the whole of the office tower well prior to completion of the project”.

QGC is one of Australia’s leading specialist coal seam gas producers. It is now a BG Group business as a result of a friendly acquisition in 2008.

David Harrison, Charter Hall’s Joint Managing Director said: “This is an outstanding outcome for CPOF in what is currently a challenging environment. It demonstrates the Group’s ability to capitalise on the confidence of major business space users for the benefit of CPOF investors. Having high quality tenants on 10 year lease terms further underpins the value of a key asset within CPOF’s national $1.6 billion office portfolio”.

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Charter Hall’s National Leasing Director, Emil Joubert said: “The 10 year commitment by major tenants such as Telstra and QGC demonstrates the expectations of major corporate tenants for the long term growth of the Brisbane CBD office market. These major lease commitments also demonstrate Charter Hall’s ability to anticipate and deliver office space which will satisfy the current and future accommodation requirements of high calibre corporate tenants”.

Adding further: ”Today more than ever, tenants in Brisbane, like tenants in every other Australian capital city are searching for value, flexibility and excellent staff amenity. At 275 George Street, we were able to clearly demonstrate each of these attributes”.

275 George Street is due for completion in April 2009.

ENDS

For further media enquiries or to arrange a media interview, please contact:

David Harrison	David Southon	Jo Stiles
Joint Managing Director	Joint Managing Director	Marketing & Communications Manager
0412 259 751	0418 479 155	0414 499 199
davidh@charterhall.com.au	davids@charterhall.com.au	jos@charterhall.com.au

About the Charter Hall Group:

Charter Hall Group is a property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth and Auckland. Established in 1991 and listed on the ASX in 2005 as a stapled security under the code CHC, Charter Hall Group combines Charter Hall Limited with Charter Hall Property Trust. The Group currently has funds under management of $3.9 billion. The Charter Hall Group has achieved a solid track record across its activities demonstrating a 13 year history of managing wholesale capital, making it one of Australia’s leading property fund managers. Charter Hall’s success has been underpinned by a highly skilled and motivated management team with diverse expertise across property sectors and risk-return profiles.

Charter Hall Limited ABN 57 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786 Sydney Melbourne Brisbane Perth Adelaide Auckland

Level 11 | 333 George Street | SYDNEY | NSW 2000 GPO Box 2704 | SYDNEY NSW 2001 Ph: +61 2 8908 4000 | Fax: +61 2 8908 4040 www.charterhall.com.au