Charter Hall secures $266 million Woolworths portfolio

17/05/2011 - PDF Version Available

Charter Hall Group (ASX:CHC) (the ‘Group') notes the announcement today by Charter Hall Retail
REIT (ASX:CQR) regarding the acquisition of a $266 million portfolio of Woolworths anchored shopping
centres, that will be 50% owned by Charter Hall Retail REIT and 50% by a Telstra Super owned entity.
Charter Hall will provide all property, leasing, financial and development management services to the
portfolio on behalf of the joint owners.


Charter Hall Group Joint Managing Director, David Harrison, said: 'This latest acquisition increases our
third party mandate business, meeting the current demand for direct ownership by a key wholesale
client, whilst creating greater capacity for Charter Hall Retail REIT than it may otherwise have had to
diversify its high quality portfolio of defensive retail assets with a long weighted average lease expiry
profile and strong growth prospects'.


For further information, please contact:


David Harrison
Joint Managing Director
Tel: +61 412 259 751
david.harrison@charterhall.com.au


David Southon
Joint Managing Director
Tel: +61 418 479 155
david.southon@charterhall.com.au


Investor and media enquiries:
Kylie Ramsden
Head of Listed Investor Relations
Tel: +61 2 8295 1016
kylie.ramsden@charterhall.com.au

About the Charter Hall Group:

Charter Hall Group (ASX:CHC) is one of Australia's leading fully integrated property groups with 20 years' experience managing
high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $10 billion of funds under
management across the office, retail, industrial and residential sectors. The Group has offices in Sydney, Melbourne, Brisbane,
Adelaide, Perth, Warsaw and Chicago.

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.


This information has been prepared by Charter Hall Funds Management Limited ABN 31 082 991 786; AFSL 262861 ("CHFML") for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.

CHFML does not receive fees in respect of the general financial product advice it may provide, however they will receive fees for operating the schemes of which it is the responsible entity ("Schemes") which, in accordance with the Schemes' Constitutions, are calculated by reference to the value of the assets of the Schemes. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Schemes. For more detail on fees, see our latest annual report. To contact us, call 1300 365 585 (local call cost).