Closed for Investment
Charter Hall Direct Altona North Fund right-arrow

Charter Hall Direct Altona North Fund (formerly Folkestone Real Estate Income Fund at Altona North) (Fund) is a single asset, closed end unlisted real estate fund.

Millers Junction Home
Asset Name
Large Format Retail
Asset Type
22,016 sqm
Gross Lettable Area (GLA)


  • The Fund owns a a large format retail centre at 330 Millers Rd, Altona North, Victoria (Millers Junction Home). Millers Junction Home has been leased to leading retailers including Bunnings, Officeworks and JB Hi-Fi Home.
  • The Fund aims to provide Unitholders with sustainable, tax effective income and the potential for capital growth through active management of the Centre.
  • The Fund’s term is six years to November 2020 unless Unitholders agree to a variation of the Fund term.


Central Location
  • Altona North is located approximately 13 kilometres west of the Melbourne Central Business District (CBD).
  • Altona North forms part of the City of Hobsons Bay located at the north western end of Port Phillip Bay.
  • Hobsons Bay is located next to two of the fastest growing municipalities in Victoria: the City of Wyndham and the City of Melton.
  • Hobsons Bay is in the Western Metropolitan Region and has over 20 kilometres of beaches and foreshore areas.
  • Hobsons Bay has good access to regional transport facilities such as the West Gate Freeway, the Western Ring Road and the National Rail Line as well as linkages to the ports and Melbourne and Avalon airports.
  • Millers Road is a major north-west carriageway linking the Westgate Freeway to Altona to the north and Williamstown to the south. Kororoit Creek Road, just south of the Centre runs east-west linking the Princess Highway to the west with Williamstown to the east.
  • The Centre is located on the western side of Millers Road, between Cabot Drive and Ross Road, having high visibility and easily accessible from the surrounding area. According to VicRoads, approximately 22,000 vehicles a day pass the site. 
Limited Competition

  • There is limited competition from other large formal retail centres in the Centre’s main trade area.
Points of Interest

Board of Directors

Grant Hodgetts
Non-Executive Chairman
Greg Paramor
Non-Executive Director
Ross Strang
Non-Executive Director
Adrian Harrington
Head of Capital & Product Development

Our Executives

Ben Dodwell
Head of Diversified Development
Charter Hall
Adrian Harrington
Head of Capital & Product Development
Charter Hall
Lula Liossi
Investor Relations Manager
Charter Hall

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Important Information
This information has been prepared by Charter Hall FLK Funds Management Limited (ACN 138 125 881; AFSL 340990) (CHFFML) for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs.  While every care has been taken in the preparation of this website, CHFFML does not make any representation or warranty as to the accuracy or completeness of any statement in it, including without limitation any forecasts or opinions.  Persons viewing this document should conduct their own inquiries and investigations. Forecasts, opinions and estimates provided on this website are based on assumptions, contingencies and market conditions which are subject to change without notice and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and should not be relied upon as an indication of future performance. Past performance is not a reliable indicator of future performance. Distribution forecasts are subject to risks and distributions may vary in the future. The information on this website is subject to change, and CHFFML is not responsible for providing updated information to any person. To the maximum extent permitted by law CFFML disclaims all liability for any loss or damage which may arise out of the provision to or are by any person of the information contained in this website. CHFFML does not receive fees in respect of the general financial product advice it may provide, however they will receive fees for operating the schemes of which it is the responsible entity (Schemes) which, in accordance with the Schemes' Constitutions, are calculated by reference to the value of the assets of the Schemes. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Schemes. For more detail on fees, see our latest annual report. To contact us, call +61 3 9903 6157 (local call cost).