Open for Investment

Charter Hall's 130 Stirling Street Trust is now closed over subscribed to investment, surpassing its equity raising of $40.6 million. This follows the successful equity raising of  No.1 Martin Place in June 2010.

Charter Hall has the following funds now open to investment:

Charter Hall Direct Property is pleased to introduce the Charter Hall Direct Industrial Fund (DIF), a new unlisted retail property fund investing directly in a diversified selection of Australian eastern seaboard industrial assets.

An investment in the Australian industrial property sector provides relatively high yielding and high risk-adjusted returns when compared to other property sectors.

Charter Hall believes the outlook for the industrial property markets across the eastern seaboard of Australia is strong with an improved outlook in the domestic economy following the global financial crisis and strong industrial property fundamentals.

Currently the Fund has three prime industrial properties:

• 100% committed occupancy
• 14 years average lease term
• Average fixed rent increases of 3.4% p.a.

For more information, please click here

Charter Hall Direct Retail Fund (DRF) is a new unlisted property fund investing directly in quality retail properties with an initial portfolio of $177 million comprising six retail assets located in established markets in New South Wales, Victoria, Queensland and New Zealand. The Fund will seek to supplement the initial portfolio by progressively acquiring and managing a diversified portfolio of quality retail shopping centres in established and growing retail markets.

At the right time in the property cycle, access an established portfolio of high quality shopping centres with a focus on long leases to household names. Prime retail assets are set to continue to generate a low-risk, stable return on capital invested.

• 8cpu distributions for the three years to 31 December 2013
• 7 year initial investment term
• High tax deferred component of distributions

DRF benefits from an occupancy level of 98.5%, a weighted average lease term of 7.3 years and income generated from leases to over 100 tenants including Woolworths Supermarkets, Coles Supermarkets, Big W, Bunnings Warehouse, Nick Scali Furniture and Spotlight.

For more information, please click here

Charter Hall Property Securities Fund is a new property securities fund that will have an active investment style and a competitive fee structure, which aligns both investors and the manager.  An investment in the Fund provides a liquid, diversified exposure to some of Australia's highest quality office, retail and industrial property assets in one efficient investment structure. The portfolio will be actively managed to seek to maximise returns over the medium to long-term, in addition to providing a sustainable income distribution.

Investment Objective

To exceed the return of the S&P/ASX 300 A-REIT Accumulation Index after fees over the medium term.

Portfolio construction

• Minimum 10 security positions;
• Maximum cash holding of 20%;
• The investment manager is permitted to invest outside the S&P/ASX 300 A-REIT Accumulation Index in other property securities up to a maximum of 20%; and
• No active +/- stock position constraints apply relative to the benchmark index.

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Charter Hall Direct Property Fund (CHDPF) is an open-ended unlisted property fund that primarily invest in a diversified portfolio of direct properties, providing sustainable, tax advantaged income and the potential for capital growth.

Charter Hall believes the outlook for the commercial office property market, along with the economy, continues to steadily improve, pointing to a positive performance for the Fund in the medium term.

CHDPF is currently anchored by nine quality office properties located in established markets throughout Sydney, Melbourne and Brisbane.The Fund's portfolio currently has :

• 94% occupancy
• 4.7 years weighted average lease term
• Over 130 tenants

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