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Charter Hall DIF1 acquires 20 year leased industrial investment


Charter Hall announced its Direct Industrial Fund 1 (DIF1) has acquired its sixth asset, the Coates Hire Distribution Centre at 29-47 Mudgee Street, Kingston in Queensland, for a total consideration, including further works to be completed by early 2013, of $20.85 million. The acquisition, which reflects an initial yield of 7.9%, follows the recent successful DIF1 equity raising where it closed $10 million oversubscribed at $120 million.

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