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$237 Million Charter Hall Umbrella Fund Signals the Evolution of Retail Funds Management Platform

05/12/2007

The Charter Hall Group is pleased to announce the initial offer of the Charter Hall Umbrella Fund has closed nearly double subscribed, raising a total of $187 million in capital from retail investors. With Charter Hall’s co-investment of $50 million, the total size of the Fund at inception is $237 million. The response to the equity raising by retail investors and financial planning groups has been extremely positive, with the targeted raising of $100 million well exceeded.

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