Sydney-based property funds management group and developer Charter Hall has added a $5.1 million investment to its Diversified Property Fund (DPF).
The 2,050 sqm property, situated on the Maroondah highway in Mitcham, Melbourne, is currently wholly leased to a furniture retailer. The off-market acquisition, expected to draw an initial yield of 8 per cent, is understood to be Charter Hall’s first acquisition for inclusion in the DPF since the first quarter of calendar 2006. Cedric Fuchs, Charter Hall executive director, said the property manager would continue to focus on growth property sectors and aim to make investments generally valued between $5 million and $30 million. The DPF portfolio holds 11 properties in New South Wales, Queensland, Victoria and Western Australia, collectively valued at $123 million. The portfolio is diversified among the office, industrial and retail bulk goods sectors.
26 June 2007 00:00
cedric, acquisition, diversified, quarter, industrial, charter, victoria, holds, valued, calendar, fuchs, Retail
Investments
ASFI’s sustainable finance taxonomy was meant to make greenwashing harder. But with the framework now being piloted by a slew of asset owners, banks and rating houses, there are lingering questions as to whether it does the opposite.
Leave a Comment
You must be logged in to post a comment.