News and Announcements
Charter Hall Increases Group FUM by $700m
- Published December 22, 2016 1:09PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
21st December 2016 – ASX Announcement
Charter Hall Group (ASX: CHC) today announced that, subject to Audit review and approval by the CHC and other responsible entity Boards of the 1HFY17 financial statements, net revaluations exceeding $700m across its funds management platform are expected, resulting from predominantly independently assessed valuation gains net of capex. This $700 million increase in FUM represents 4% growth over the $17.5 billion FUM portfolio as at 30 June 2016. This FUM increase excludes the impact of on-going development expenditure and net acquisitions.
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