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Charter Hall sells 685 La Trobe Street

28/07/2015

Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced it has completed the sale of its interest in the development site at 685 La Trobe Street, Docklands, Melbourne for $ 31.5 million (with CHC realising $15.75 million for its 50% share).

The sale price represents a premium to the book value at 30 June 2015 and the proceeds will now be invested to generate operating earnings generated from Property Investments.

<View PDF version of ASX release >

For further information:

David Harrison 
Joint Managing Director 
T: +61 8651 9142
david.harrison@charterhall.com.au

 

David Southon
Joint Managing Director 
T: +61 8651 9143 
david.southon@charterhall.com.au

For investor enquiries: 

Nick Kelly 
Head of Investor Relations 
Charter Hall 
T: +61 8651 9235
nick.kelly@charterhall.com.au
For media enquiries: 

Rachel Mornington-West 
Head of Marketing and Communications 
Charter Hall 
T: +61 8651 9248 
rachel.mornington-west@charterhall.com.au