charter hall – realestatesource

PROPERTY fund manager Charter Hall Group is reported to have snared construction giant Leighton Holdings as a tenant for a major Perth CBD office project.

Leighton is said to be considering a 28,000 square metre campus style office, part of Charter Hall’s new Workzone development at 202 Pier Street, on the Perth CBD’s northern tip (image of a building within the project, right)

The site, held by the Charter Hall Opportunity Fund No 5 (CHOF5), is due for completion in 2013, subject to pre-commitments.

Western Australia

Brookfield Multiplex Pays Aspen $25.3 Million for Perth Development Site

November 1, 2010 Marc Pallisco Axiom, Brookfield Multiplex, charter hall, Mounts Bay Road, Perth development site sale

WESTERN Australian based developer and fund manager Brookfield Multiplex has paid $25.3 million for a commercial development site in the City Square development site.

Brookfield is expected to build a 14-level office on the site, which was also reportedly competed for by the Charter Hall Group.

Aspen Group also reportedly conducted due diligence on the site.

Queensland

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

October 31, 2010 Marc Pallisco Brisbane CBD office sale, Brisbane Square, charter hall, institution, Telstra, Westscheme

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:

National

Macquarie to Sell Majority of Management Business to Charter Hall

February 14, 2010 Marc Pallisco charter hall, institution, macquarie

MACQUARIE Group Limited will sell the majority of its Australian real estate business to the Sydney-based Charter Hall.

Macaquarie will sell the management of two listed trusts – Macquarie Office and Macquarie Countrywide – and three unlisted real estate funds including the Macquarie Direct Property Fund.

Details of the deals are in the Macquarie Group Limited statement below:

Queensland

K-REIT Pays Charter Hall $166 Million For Half Share in Brisbane Office

February 16, 2010 Marc Pallisco Brisbane CBD office sale, charter hall, institution, international buyer, K-REIT

A SINGAPORE based real estate trust has paid $166 million for a half share in a major Brisbane office building.

Victoria

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

January 1, 2012 Marc Pallisco Bendigo, Centro, charter hall, shopping centre sale

SYDNEY based fund manager Charter Hall has paid $32.5 million for the Lansell Plaza near Bendigo in regional Victoria. The

Victoria

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

August 7, 2011 Marc Pallisco charter hall, Melbourne CBD office sale

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.

National

Channel Nine Sites in Sydney & Melbourne Almost Sold

December 5, 2007 Marc Pallisco Channel Nine Sites in Sydney & Melbourne Almost Sold, charter hall, development, National, r.corporation, Real Estate News, residential

The buildings where Graham Kennedy let loose his famous “faark” crow-call and where fans of Bandstand learned the twist and the stomp are believed to be close to sold as Channel Nine capitalises on its inner-suburban properties in Melbourne and Sydney.

Victoria

Charter Hall Starts Marketing Townhouses at Former Nylex Mentone Site

June 27, 2010 Marc Pallisco charter hall, harvey norman, Mentone

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.

Victoria

CBUS Buys Half Share in 171 Collins Street Development

March 17, 2010 Marc Pallisco CBUS, charter hall, Collins Street, institution, macquarie, Melbourne CBD development site sale, Melbourne CBD office

AS reported in The Age last year, CBUS Property has confirmed it is the mystery buyer of a half share interest in Melbourne’s 171 Collins Street development.

CBUS has paid Sydney-based owner Charter Hall $15.5 million, to take its share in the $280 million office development, which challenged a previous planning precedent, restricting height around the “Collins Street spine”.

It’s understood the developers are targeting the National Australia Bank which has a 40,000 to 60,000 square metre requirement in the market at the moment.