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Long lease term + 100% Government tenanted
Charter Hall’s nearly $3 billion Direct Property business, today announced that its managed CharterHall Direct PFA Fund (PFA or fund), has acquired a prominent commercial office building opposite thenational parliament building in Canberra for $58.6 million.
8-year lease at 1 Nicholson St, Melbourne CBD
One of Australia’s largest investors of investment-grade office buildings, Charter Hall Group, today announced its market leading Direct Office Fund (DOF) has leased several floors at 1 Nicholson Street, on the northern edge of Melbourne CBD for an 8-year term.
Focus on property: CBD office boom
Nick Kelly speaks to Helen Dalley on Sky News Business about the strong commercial leasing market across Sydney and Melbourne and the increase in office demand.
Charter Hall to progress IPO of Long WALE REIT
Not for release or distribution within the United States
Charter Hall Group (ASX: CHC) (Charter Hall or the Group) is finalising preparations to list on the ASX a new real estate investment trust, Charter Hall Long WALE REIT (Long WALE REIT or the REIT).
Long WALE REIT will invest in high quality Australasian properties that are leased to corporate and government tenants on long term leases. The initial portfolio will be diversified by geography and real estate sector containing office, industrial and retail properties located in six Australian states.
Charter Hall’s 333 breathes new life into George Street retail
Charter Hall Group (Charter Hall or the Group) today announced that its latest commercial development, 333 George Street, has secured a new long term lease with Woolworths.
Charter Hall and Western Sydney University delivering a world class education facility
At a formal ceremony today, Charter Hall Group (Charter Hall or the Group) and Western Sydney University (the University) officially marked the topping out of construction on One Parramatta Square (1PSQ), the $220.5 million commercial development in Sydney’s west.
Charter Hall Group (ASX:CHC) Half Year Results
Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced its half year results for the six months to 31 December 2015.
Half Year Financial Results Summary
- Statutory profit after tax of $143.5 million, up 259.6% from pcp, including $89m property valuation gains
- Operating earnings of $61.2 million, up 26.3% from pcp
- Operating earnings of 15.0 cents per security up 9.5% over pcp
- NTA growth of 22 cents per security to $2.98, up 8.0%
- Distribution of 13.3 cents per security up 9.9% over pcp
Charter Hall secures development management rights at 1PSQ
Charter Hall Group today confirmed that it has acquired the development rights to the 1PSQ project in Parramatta from Leighton Properties. The building is the future home of Western Sydney University’s new Parramatta City Campus, located within Parramatta CBD’s world-class Parramatta Square urban renewal precinct.
Charter Hall Direct Office Fund equity inflows pass $175m mark
Charter Hall Group (ASX:CHC) today announced that its Direct Office Fund (DOF) has now raised circa $175 million since its launch, as a broad range of investors see a compelling opportunity to invest in a high quality long WALE (weighted average lease expiry) office portfolio.
Richard Stacker talks about commercial property demand to Sky News
Richard Stacker conducted an interview with Helen Dalley on Sky News Business today where he spoke about the current demand in commercial property.