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Charter Hall sells Bunnings Belconnen for $20.5 million

10/06/2009

Charter Hall Group (CHC) is pleased to announce that its Core Plus Retail Fund (CPRF) has exchanged contracts to sell the Bunnings Belconnen asset to a private investor syndicate for $20.5 million, with settlement due by 30 June, 2009. The sale reflects an initial yield of 7.6% and a discount to the 31 December 2008 independent value of 5.75%.

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