Charter Hall increases its FUM by $0.95 billion to $14.5 billion
As per the attached media release, Charter Hall Group (ASX: CHC) (Charter Hall or the Group) today announced its industrial funds under management (FUM) has increased by $700 million.
When combined with the $250 million of retail and office acquisitions recently announced by the Group, including $102 million of retail acquisitions by Charter Hall Retail REIT (ASX:CQR) and the Aurizon pre-leased project acquired by CPOF/DOF which has an on completion value of $170 million, the Group’s FUM will increase to $14.5 billion; an increase of $0.95 billion since 30 June 2015.
The impact of these transactions is expected to be slightly OEPS accretive but within the FY16 OEPS guidance provided at the FY15 Results Announcement.
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