News and Announcements
Charter Hall Grows Funds Under Management by $600 million
- Published May 24, 2016 4:11PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
24th May 2016, ASX Announcement
Charter Hall Group (ASX: CHC) (Charter Hall or the Group) announces two transactions, increasing funds under management by $600 million.
Charter Hall’s Core Plus Office Fund (CPOF) has created a new wholesale trust with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI), together acquiring 100% of One Shelley Street, Sydney for $525 million.
The Group has also underwritten the purchanse of an $82 million portfolio of assets which form the basis of the Charter Hall Direct Automotive Trust 2 (DAT2), the second DAT retail syndication trust by Charter Hall’s Direct Property business.
One Shelly Street, is a prominently prime-grade office building located directly adjacent to the south side of Barangaroo, and benefits from the improved accessibility to the Wynyard bus/rail interchange, and the revitalised retail and restaurant precinct in the area.
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