Charter Hall Retail REIT sells five east coast investments – three to Lascorp

Melbourne-based specialist retail investor and developer Lascorp is paying Charter Hall Retail Management Limited, as responsible entity for Charter Hall Retail REIT (CQR), $62.35 million for three regional Victorian supermarket-based assets. The centres form part of a portfolio of five properties CQR has just sold off-market to fund the recent $840 million purchase of a

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Two Charter Hall funds behind $397.8 million purchase of Arnott’s Huntingwood plant and distribution centre

Two Charter Hall funds will co-own a major food production facility and distribution centre in Sydney, leased to Arnott’s. Charter Hall Prime Industrial Fund (CPIF) and Charter Hall Long WALE REIT (CLW) will hold an equal stake in 61 Huntingwood Drive, Huntingwood, after each outlaying $198.9 million. The deal is being struck in an estimated

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Beacon Lighting sells Parkinson distribution centre to Charter Hall on a leaseback

Charter Hall Direct Industrial Fund No 4 (DIF4) is paying ASX-listed Beacon Lighting $28 million for an ex-Masters store turned distribution centre in Brisbane’s south Parkinson. The 58 Precinct Street deal is being struck on a 5.38 per cent passing yield. Purpose-built for Woolworths Limited’s failed hardware business five years ago, the property was re

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GWA signs, resets leases, for three Charter Hall warehouses on Australia’s east coast

EXCLUSIVE One hand is washing the other – metaphorically – following a unique agreement between Charter Hall and GWA Group Ltd – the producer and distributor of Caroma tap wear. Charter Hall has committed and reset leases with GWA for three office warehouse facilities, in Sydney, Melbourne and Brisbane, containing a total area of 51,982

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Charter Hall Direct PFA Fund sells Parramatta office for a headline $64.25 million

EXCLUSIVE Charter Hall’s Direct PFA Fund has sold a Parramatta office to a private investor for $64.25 million – or $62.6 million once outstanding lease incentives are deducted. The Sydney-based fund manager and developer, which has embarked on a spending spree which may be the hallmark of the commercial property sector this year – said

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Charter Hall resets leases with Coles for distribution centres in Adelaide, Perth

EXCLUSIVE In a surprise and strategic move, Charter Hall Group and Coles have extended tenancy terms for major distribution centres in Adelaide and Perth. The 15-year deals, which kick in on January 1, 2020, will see the leases for both properties expire at the same time, in December, 2034. Coles’ rental agreement at Adelaide was

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Charter Hall PIF pays Viridian Glass $100 million for Dandenong South industrial investment

EXCLUSIVE Charter Hall is paying Viridian Glass $100 million for a major industrial investment in Melbourne’s Dandenong South. The sale and leaseback agreement was struck seven months after Viridian Glass listed its headquarters of more than six decades at 51-95 Greens Road. Covering a 20 hectare industrial zoned plot, the 77,124 square metre facility is

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Charter Hall pays John Holland $331.3 million for The Glasshouse building in Sydney’s Macquarie Park

Charter Hall is continuing a national spending spree – outlaying $331.3 million for a suburban Sydney office majority leased to the New South Wales Department of Transport. The Glasshouse, or Building C of the Macquarie Square business park (artist’s impression, below), is due for completion next March. Charter Hall’s Long WALE REIT will control a

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Reading International, Inc, leases space within Charter Hall’s Millers Junction for premium cinema

Reading International, Inc, will occupy a state-of-the-art cinema within Charter Hall’s Millers Junction retail development, in Melbourne’s west. The NASDAQ listed company plans to trade from its six-screen Altona North complex by mid-2020. “Reading Cinema Millers Junction will showcase the highest quality in Australian cinema as western Melbourne’s first premium TITAL LUXE auditorium with convenient

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Charter Hall and Western Sydney University to build $350 million Innovation Quarter, with three mixed-use towers

Charter Hall has entered into a development agreement with Western Sydney University to build Innovation Quarter – promising to be a world class, health-focused ecosystem of services. The $350 million development will comprise of three mixed-use towers, with more than 38,000 square metres of area, to be occupied as research, health, education and commercial space.

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Charter Hall Long WALE REIT pays LaSalle Investment Management $63.6 million for Upper Mount Gravatt office

Charter Hall’s Long WALE REIT is paying $63.6 million for a suburban Brisbane office built in 1992 for the Australian Taxation Office, which is still the occupier. The Upper Mount Gravatt building at 28 McGregor Street is being offloaded by US-based LaSalle Investment Management, which paid $57 million for it in 2016. Rising six-levels, the

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Charter Hall spends $30.9 million on Dandenong South industrial investment

Charter Hall has spent $30.9 million on an industrial asset in Melbourne’s Dandenong South. The property, 282-300 Hammond Street, sold with leaseback to Greencare Developments, which manufacturers “eco-responsible” cosmetics and household cleaning products. On the south-west corner of Brooks Drive, the 6.8 hectare holding contains buildings with a total of about 20,000 square metres of

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Charter Hall’s 130 Lonsdale Street filled 10 months prior to completion following AustralianSuper lease

EXCLUSIVE AustralianSuper – the country’s largest industry superannuation fund – has signed a significant 16,200 square metre lease deal within a Charter Hall office under construction at 130 Lonsdale Street. With this commitment, the 35-level, 60,000 sqm premium-grade commercial building will be fully occupied when it opens in 10 months. AustralianSuper has rented skyrise floors

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Frasers, ESR, buy ex-Peters ice cream HQ from Charter Hall and pre-commit Nissan to an office which is now for sale

EXCLUSIVE Joint venture partners Frasers Property Australia (FPA) and ESR are paying Charter Hall $14.5 million for a 4.67 hectare piece of the former Peters ice cream headquarters in Mulgrave. The deal for 254 Wellington Road only settled recently, but was mooted more than two years ago when FPA applied to replace its holding with

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Two Charter Hall funds buy Brisbane City Council Bus Network Terminal for $102.5 million

Queensland Treasury Corporation has sold the near-new Brisbane City Council Bus Network Terminal for $102.5 million. Two Charter Hall funds – Charter Hall Long WALE REIT (CLW) and Charter Hall Education Trust (CQE) – are each paying $51.25 million for a half-share. Completed in 2013, the Eagle Farm terminal occupies a 6.2 hectare site in

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