Allianz, Charter Hall pay Aldi $648m for logistics portfolio

Allianz Real Estate, on behalf of several of its group companies, with Charter Hall Group managed Charter Hall Prime Industrial Fund (CPIF), is paying Aldi $648 million for a portfolio of four purpose-built distribution centres on Australia’s east coast. Based on the combined total annual income ($30.1m) the passing yield is 4.6 per cent. All

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Charter Hall pre-commits Coles to Melbourne and Sydney fulfilment centres

Coles Group has pre-committed to two high-tech distribution centres at Charter Hall Prime Industrial Fund (CPIF) owned estates in Melbourne and Sydney. The agreements, for a combined lettable area of 60,000 square metres, come six months after Charter Hall Group reset and extended leases to the same tenant, affecting Adelaide and Perth warehouses measuring a

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Charter Hall pre-commits Uniqlo Australia to 46,000 sqm Truganina distribution centre

Uniqlo, which started trading in Australia in 2014, has pre-committed to a 46,000 square metre distribution centre at Truganina, in Melbourne’s west. The $28 billion fashion empire has signed a 10 year lease for the facility to be developed by early 2021, and retained by Charter Hall Prime Industrial Fund (CPIF). The investment is earmarked

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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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