WorkZone - Fully Committed
9 January 2014
Due to unprecedented investor demand, the Charter Hall Direct WorkZone Trust (WorkZone) has now attained commitments in respect of the Total Offer Amount of $72 million. This has been achieved with strong support for WorkZone from direct investors, self managed super funds and their financial advisers since the launch of the trust in December 2013.
The achievement of the $72 million for WorkZone has been attained well ahead of expectations and demonstrates the overwhelming appetite for quality direct property.
Regretfully further applications that may be received for the Trust are unable to be processed. Any additional Applications that are received will be returned to the Applicant along with any Application Amount.
WorkZone benefits from income secured by a long lease, quality tenant covenants and modern office facilities with low capital requirements. WorkZone is well positioned to provide investors with solid total returns over the trust’s life.
Charter Hall will advise investors and advisers of future opportunities. If you wish to pre-register your interest please call us on 1300 652 790.
Initial offer of $42.6m satisfied
7 January 2014
Significant support shown by advisers and private bankers, combined with exceptional demand from investors and self managed super funds, has resulted in outstanding early inflows for WorkZone.
We are pleased to advise that the Limited Offer and First Close Amount of $42.6 million (which allows investors to receive an additional 2% in bonus units) has now been satisfied.
This initial milestone has been achieved well ahead of expectation and timing.
WorkZone will remain open to further investment until the Total Offer Amount of $72 million is raised.
Investors who participate in the remaining amount of $29.4 million available to finalise the Total Offer Amount will also benefit from the highly attractive target average two year yield of 9.25% (for Wholesale units) and 9.00% (for Ordinary units) as depicted in the trust's product disclosure statement.
Target distributions for future WorkZone invesors alloted in the remaining Total Offer Amount will be:
Wholesale Units Ordinary Units
Year 1 9.00% 8.75%
Year 2 9.50% 9.25%
2-yr average 9.25% 9.00%
This information has been prepared by Charter Hall Direct Property Management Limited ABN 56 073 623 784; AFSL 226849 (‘CHDPML’) 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. CHDPML does not receive fees in respect of the general financial product advice they may provide, however they will receive fees for operating Charter Hall Direct WorkZone Trust (‘WorkZone’) which, in accordance with WorkZone's constitution, are calculated by reference to the value of the assets of WorkZone. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to WorkZone. For more detail on fees, see the trust's product disclosure statement. To contact us, call 1300 652 790 (local call cost).
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