News and Announcements
Charter Hall Funds Acquire $140 million of Assets and the Group Underwrites a New Retail Syndicate
- Published August 19, 2015 11:55AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
19th Augsut 2015, ASX Announcement
Charter Hall Group (ASX: CHC) (Charter Hall or the Charter Hall Group) today announced a multi-asset transaction with Australia’s largest automotive retailer, the ASX listed Automotive Holdings Group.
Extending the Group’s focus on partnering with high quality tenants that enjoy strong market share within their sector, Charter Hall has acquired three high profile retail properties to seed a new $100 million retail syndicate. The syndicate has been underwritten by the Group and a Product Disclosure Statement will be registered for the reatil equity raising.
The new syndicate, called Charter Hall Direct Automotive Trust (DAT) will, upon settlement on 20 September 2015, own three retail assets summarised below:
To read the full announcement, please click here.
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