Charter Hall completes Wyllie Group transaction

11/12/2006 - PDF Version Available

Charter Hall Group announces the settlement of the $61.5 million St Georges Square property announced to the market on 12 September 2006. The Perth based Wyllie Group have been issued 18 million Charter Hall Group stapled securities as part of the transaction.

As contemplated by the previous announcement, Charter Hall's Core Plus Office Fund ("CPOF") has acquired a 50% interest in the 21,500m² A grade building, with a 373 bay tenant and public car park, which comprises efficient 1,165m² typical floor plates, light to 4 elevations and excellent views over the Swan River. The buildings location opposite Woodside and QV 1 positions the building within a highly sought after precinct of the CBD according to Charter Hall's Joint Managing Director David Harrison.

Charter Hall's Core Plus Office Fund has now acquired 8 assets with the recently acquired Brisbane CBD office towers Northbank Plaza and 275 George Street substantially pre leased to Telstra Corporation bringing total CPOF assets to approximately $725 million.


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