News and Announcements
Charter Hall Increases its FUM by $0.95 billion to $14.5 billion
- Published September 08, 2015 11:25AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
8th September 2015, ASX Announcement
As per the attached media release, Charter Hall Group (ASX: CHC) (Charter Hall or the Group) today announced its industrial funds under management (FUM) has increased by $700 million.
When combined with the $250 million of retail and office acquisitions recently announced by the Group, including $102 million of retail acquisitions by Charter Hall Retail REIT (ASX:CQR) and the Aurizon pre-leased project acquired by CPOF/DOF which has an on completion value of $170 million, the Groups FUM will increase to $14.5 billion; an increase of $0.95 billion since 30 June 2015.
The impact of these transactions is expected to be slightly OEPS accretive but within the FY16 OEPS guidance provided at the FY15 Results Announcement.
To read the full announcement, please click here.