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CHARTER HALL GROUP — Capital/Financing Update 2018
Aug 30, 2018
64645_rns_2018-08-30_a41d05d2-414e-4503-9168-69bc2df52a46.pdf
Capital/Financing Update
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ASX Release
Charter Hall partnership settles acquisition of No. 1 Brisbane 31 August 2018
Charter Hall Limited ACN 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786 Level 20, No.1 Martin Place Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 T +61 2 8651 9000 F +61 2 9221 4655 www.charterhall.com.au
Further to the notification made by Charter Hall Group (ASX:CHC) (Charter Hall or the Group) to the ASX on the 27[th] of July, 2018, Charter Hall confirms settlement of the acquisition of the three building amalgamation on Queen Street Mall in Brisbane, known as “No. 1 Brisbane”.
The three property amalgamation fronting Queen Street Mall, George Street and Burnett Lane is the first asset in a new deep value investment strategy. In addition to settling the purchase, Charter Hall is also pleased to announce the introduction of a new wholesale partnership to own approximately 50% of the No. 1 Brisbane assets.
Charter Hall Group CEO and Managing Director David Harrison commented: “We are pleased to have been able to secure this asset for our new fund initiative and with it, introduce a new capital club partnership. The acquisition of No. 1 Brisbane will increase FUM by approximately $100m and increase the Group’s Property Investment portfolio by approximately $30m reflecting the Group’s equity co investment.”
About Charter Hall
Charter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups, with over 27 years’ experience managing and investing in high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $23.2 billion of funds under management across the office, retail and industrial sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.
The Group’s success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.
For further information, please contact For media enquiries, please contact For investor enquiries, please contact David Harrison Angus Booth Philip Cheetham Managing Director and Group CEO Head of External Affairs & Communications Head of Listed Investor Relations Charter Hall Charter Hall Charter Hall T +61 2 8651 9142 T +61 2 8651 9223 T +61 2 8651 9214 [email protected] [email protected] [email protected]
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