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Charter Hall acquires 50% interest in Docklands development opportunity

25/05/2011

Charter Hall Group (ASX:CHC) (the ‘Group') is pleased to announce that it has finalised the acquisition of a 50% interest in an office development site at 685 LaTrobe Street, Melbourne from Flagship (Latrobe) Pty Ltd (‘Flagship') for $5 million and has entered into a Development Agreement with Flagship to jointly undertake the development of this project once a substantial leasing pre-commitment has been secured.

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