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New fund CHIF11 (Now renamed CHDPF) acquires Victorian bulky retail for $11.16m


Charter Hall Group acquired an $11.16 million, 14,217 sqm bulky goods facility located in Corio, a northern suburb of Geelong, Victoria, for its new core investment fund, Charter Hall Investment Fund No.11 (CHIF 11)(now renamed "Charter Hall Diversified Property Fund" - CHDPF). The purchase is scheduled to complete on 30th September 2005, reflecting a pre-acquisition cost forecast yield of 8.5%.

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