Important updates and other information

Change to distributions

30 June 2017

The trust’s estimated distributions are reducing from 1 July to 8.00 cpu p.a. (Wh) and 7.75 cpu p.a. (Ord). A letter providing detail on the reduction in distributions was provided to investors in the previous quarter.

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%



Registry (fund administration) - Boardroom

For enquiries regarding your personal holding in a fund, including account balance, distribution payment, statements, contact details and InvestorServe. Have your investor number (shown on your distribution statements) ready to quote.

Charter Hall (manager)

For enquiries regarding the management of a fund, including performance, strategic direction, property portfolio and new investment opportunities.