Charter Hall secures new debt facilities for core plus funds

26/05/2009 - PDF Version Available

Charter Hall Group (CHC) is pleased to announce that the National Australia Bank (NAB) has approved the refinancing of the Core Plus Office Fund (CPOF) and Core Plus Industrial Fund (CPIF) finance facilities.

CPOF has secured a new 3 year $370 million term facility and CPIF has secured a new 3 year $65 million term facility at market pricing. The facilities Loan to Value Ratio (LVR) covenants will increase from 50% to 60%.

These new facilities continue to be non-recourse to investors including Charter Hall Property Trust (CHPT). As a result of the new facilities, all CPOF and CPIF term facilities will mature during FY12 and FY13.


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).