Charter Hall disposes of 2-30 Saintly Drive in Truganina for $94.1 million
Share this page
LINKEDIN
FACEBOOK
TWITTER
EMAIL
1 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) today announced that its Core Logistics Partnership (CLP or the Fund) has sold 2-30 Saintly Drive in Truganina, Victoria to Barings for $94.1 million, in line with book value, and with a passing yield of 4.7%.
CLP acquired the industrial property in 2015 for $41.7 million. It comprises three modern warehouses totalling 46,933 square metres, primarily leased to Catch.com.au and Efflog Operations with a weighted average lease expiry of 2.4 years.
The Fund will use proceeds of the sale to redeploy capital into accretive investments, including development of existing land banks, such as Charter Hall’s first inner-city multi-level warehouse in Sydney known as Ascent on Bourke.
CLP Fund Manager, Simon Greig, said, “Central to CLP’s strategy is delivering advanced industrial facilities and creating value for our investors. With a significant development pipeline in place, this sale enables us unlock capital that will be recycled into new opportunities for growth and drive greater returns for our investors.”
d6b209c8-cba1-41b0-ab87-8ffd8698b165.tmb-news.jpg?Culture=en&sfvrsn=f5a54fb2_1 "ASX Announcement")
f4532d8e-4e41-4ddf-888c-0264908e003e.tmb-news.jpg?Culture=en&sfvrsn=4b05159a_1 "ASX Announcement")
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.
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
