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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Charter Hall in c$800 million play for Melbourne’s 242 Exhibition Street

Charter Hall is reportedly in negotiations to buy a Melbourne CBD office for nearly $800 million. The Sydney-based fund manager is speculated to be acquiring 242 Exhibition Street off-market from Investa Commercial Property Fund and Oxford Properties, which each own a half share. Completed in 1992, the 43-level building A-grade building, containing 65,931 square metres

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Charter Hall pays $75.5 million for 13 childcare centres on Australia’s east coast

Charter Hall is paying $75.5 million for 13 childcare centres on Australia’s east coast. Two of the centres are completed. Six are subject to a “fund through” arrangement, whereby Charter Hall is buying the land, and paying the balance required to construct the investments, which it will own. The centres are fully leased to occupiers

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New government organisation AFCA signs major office lease at Charter Hall’s Wesley Place

The Australian Financial Complaints Authority (AFCA) – which formed six weeks ago following the merge of the former Financial Ombudsman Services, Superannuation Complaints Tribunal and Credit Investments Ombudsman – has signed a major office rental agreement in the Melbourne CBD. AFCA has agreed to a 12-year lease deal for approximately 7600 square metres, being levels

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Charter Hall sells two retail assets for a total of $76.1 million

Charter Hall Retail REIT has sold the Coomera Square shopping centre in Queensland and a freestanding Woolworths-leased supermarket in New South Wales, for a total of $76.1 million. The Sydney-based fund manager said the assets traded at a small discount to their December 2017 book values. “The divestments are consistent with the REIT’s strategy to

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Charter Hall pays federal government $118.5 million for investments in Sydney, Melbourne

Acquisitive property giant Charter Hall has paid $118.5 million for two government-leased industrial investments on Australia’s east coast. The detector dog training facilities, both occupied by Australian Border Force and Australia Federal Police, hit the market in August. The largest facility by area, in Bulla, about 29 kilometres north-west of Melbourne, operates as the headquarters

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Rialto’s million-dollar views at risk following Charter Hall buying 555 Collins Street

Charter Hall has expanded its footprint at the south-west corner of Collins and King streets, in the Melbourne CBD, following an off-market deal. Charter Hall’s Prime Office Fund is paying $140 million for 555 Collins Street, a rundown 24-storey former government office built in the 1960s and for years known as Enterprise House (pictured, top).

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Charter Hall Pays $32.5 Million For Bendigo Shopping Centre, Victoria

SYDNEY based fund manager Charter Hall has paid $32.5 million for the Lansell Plaza near Bendigo in regional Victoria. The purchase, from the Centro Group is expected to settle at the end of January. According to the AFR which reported the deal, the shopping centre (black and white image from the National Gallery of Victoria)

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Charter Hall to Sell 150 Queen Street Office, Melbourne, at a Loss

SYDNEY-based fund manager Charter Hall can expect some $25 million from the sale of a Melbourne CBD office it bought for $32 million in September 2007 – just weeks before the last commercial property market peak.

A spokeswoman said the Charter Hall Core Office Fund will use moneys from the sale to invest in larger, prime opportunities.

The asset on offer at 150 Queen Street (pictured, right), on the corner of Bourke Street, was developed in the 1960s and known for years as the Prudential Building.

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Charter Hall Disposes of $34.65 Million in Assets

CHARTER Hall today announced its Diversified Property Fund (DPF) has contracted to sell Spinifex House at 46 – 50 Kings Park Road (pictured, right), West Perth to a private syndicator for $28.25 million, or $6900 per square metre.

The sale price reflects a premium price of 6.3 per cent to the assets June 30, 2011 value.

Charter Hall has also sold a smaller office building at 22 – 28 Compark Circuit, in the south-east Melbourne suburb of Mulgrave. This asset sold for $6.4 million to an owner occupier.

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Charter Hall, Telstra Super Pay $300 Million For Brisbane Square Office

THE Brisbane Square office building has sold for $300 million to a consortium including Charter Hall Group’s wholesale Core Plus Office Fund, and Telstra Super.

The duo purchased the asset from WA super group Westscheme.

Measuring 57,300 square metres, the A-grade office sale is due to settle by mid November.

A Charter Hall statement is copied below:

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Charter Hall Starts Marketing Townhouses at Former Nylex Mentone Site

CHARTER Hall is set to start building a $75 million housing estate on part of Nylex’s former industrial products manufacturing and distribution complex in Mentone, a site which it has snapped up in stages over the past four years.

In a trend that is seeing interstate builders increasingly look to Melbourne’s outer suburbs for opportunity, the Sydney-based developer plans to build 119 townhouses on the 3.3 hectare site at the south-west corner of Warrigal Road and Oak Avenue.

Construction of the project, to be known as Aquilo, is set to start within weeks. Marketing of the first townhouses, priced from just under half a million each, commences today.

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