Charter Hall makes strategic divestment of distribution facility in Prestons NSW
Share this page
LINKEDIN
FACEBOOK
TWITTER
EMAIL
2 mins
Share
By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:
- you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
- you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
- the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.
Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.
Charter Hall Group (Charter Hall or the Group) is pleased to announce that the Direct Industrial Fund No.4 (DIF4 or the Fund) has made a strategic divestment of a cold storage and distribution facility located at 115-121 Jedda Road, Prestons NSW to Centennial, for a total consideration of $79 million.
The asset is a 15,000 square metre purpose-built, temperature-controlled facility arranged over three buildings, with a WALE of 6.3 years.
In line with its investment strategy, DIF4 will redeploy proceeds of the sale to continue actively curating its portfolio, with a focus on institutional grade assets located in core Australian industrial markets.
Charter Hall Direct Fund Manager, Julian Menegazzo, said, “We continue to actively curate our portfolio of industrial and logistics facilities, divesting over $135 million across five older, non-core assets over the last 12-months. Proceeds from recent divestments will be utilised to recycle capital into more modern facilities, continuing to add to the overall quality of the DIF4 portfolio.”
DIF4 is a $3.5 billion industrial and logistics property portfolio, with 100% occupancy and a WALE of 10.2 years. The Fund remains open for investment and is currently offering investors a distribution yield in excess of 5% per annum.
Related News
Western Sydney International Airport partners with Charter Hall to deliver new Business Precinct
Read more
Charter Hall and Healthy Heads in Trucks & Sheds extend partnership to launch nutrition pilot program for warehouse workers
Read more
Charter Hall has commenced main works construction at its $1.8 billion Chifley South development
Read moreTalk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
Talk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
-
© Charter Hall Group, 2024.
- Terms of Use
- Privacy Policy
- Complaints Guide
- Feedback
