Announcement • Aug 03
Charter Hall Group and Charter Hall Social Infrastructure REIT Announce Management Changes Charter Hall Group announced that Chief Investment Officer, Sean McMahon, departed the business to pursue other opportunities. Mr. McMahon's responsibilities were assumed by Managing Director & Group CEO, David Harrison and other EXCO members on an interim basis. Mr. McMahon also stepped down from his role as a director of the responsible entity for Charter Hall Social Infrastructure REIT, replaced by David Harrison. Declared Dividend • Jun 25
First half dividend of AU$0.26 announced Shareholders will receive a dividend of AU$0.26. Ex-date: 29th June 2026 Payment date: 31st August 2026 Dividend yield will be 2.2%, which is lower than the industry average of 5.5%. Announcement • Jun 22
Charter Hall Group Announces Actual Ordinary Dividend on CHC - STAPLED SECURITIES US PROHIBITED for the Six Month Ending June 30, 2026, Payable on August 31, 2026 Charter Hall Group announced Actual ordinary dividend on CHC - STAPLED SECURITIES US PROHIBITED of AUD 0.25840000 per share for the Six Month Ending June 30, 2026, Ex Date June 29, 2026, Record Date, June 30, 2026, Payment Date, August 31, 2026. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$23.48, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the REITs industry in Australia. Total returns to shareholders of 137% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at AU$41.63 per share. Announcement • Mar 24
Charter Hall Group to Report Fiscal Year 2026 Results on Aug 20, 2026 Charter Hall Group announced that they will report fiscal year 2026 results at 10:00 AM, AUS Eastern Standard Time on Aug 20, 2026 Announcement • Feb 25
Charter Hall Group Appoints Darren Steinberg as Independent Non-Executive Director, Effective February 25, 2026 Charter Hall Group announced the appointment of Darren Steinberg as an Independent Non-Executive Director of Charter Hall Group, effective February 25, 2026. Darren Steinberg has over 30 years’ experience in the property and funds management industry, with an extensive background in property investment and development across sectors at Westfield, Stockland, Colonial and more recently, Dexus. Darren is currently a Non-Executive Director of ASX-listed Qualitas Limited and the Sydney Swans. He is a Fellow of the Australian Institute of Company Directors, the Royal Institution of Chartered Surveyors, and the Australian Property Institute. He is also a Life Member and former National President of the Property Council of Australia, a role he held for four years. Darren has a Bachelor of Economics from the University of Western Australia. Declared Dividend • Dec 24
Final dividend of AU$0.25 announced Shareholders will receive a dividend of AU$0.25. Ex-date: 30th December 2025 Payment date: 27th February 2026 Dividend yield will be 2.0%, which is lower than the industry average of 5.5%. Announcement • Nov 20
Charter Hall Group to Report First Half, 2026 Results on Feb 19, 2026 Charter Hall Group announced that they will report first half, 2026 results on Feb 19, 2026 Reported Earnings • Aug 22
Full year 2025 earnings released: EPS: AU$0.48 (vs AU$0.33 in FY 2024) Full year 2025 results: EPS: AU$0.48 (up from AU$0.33 in FY 2024). Revenue: AU$687.8m (down 7.2% from FY 2024). Net income: AU$225.8m (up 44% from FY 2024). Profit margin: 33% (up from 21% in FY 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the REITs industry in Australia. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Announcement • Aug 08
Charter Hall Group to Report Fiscal Year 2025 Results on Aug 21, 2025 Charter Hall Group announced that they will report fiscal year 2025 results at 10:00 AM, AUS Eastern Standard Time on Aug 21, 2025 Announcement • Mar 28
Brookfield to Weigh Up Buyer Interest for Aveo Brookfield (Brookfield Financial Properties L.P.) is expected to gain further insight by the end of the week as to what sort of price it can expect for its retirement village operator Aveo when bids are due. The main names that feature as possible contenders are Charter Hall Group (ASX:CHC), Scape, Oxford Properties Management Australia Pty Limited, Australian Super Pty Ltd. and GIC Private Limited. However, it is understood at least some of those parties are still searching for capital, are not interested in paying the asking price of over $3bn or may be keen to buy just part of the business. Private equity firms were known to have been around the hoop last year, but are understood to have fallen away. It's possible that AustralianSuper and GIC join forces with Charter Hall or Scape, while there are mixed messages in the market as to whether Oxford Properties is still around the hoop. Announcement • Jan 08
Charter Hall Group to Report First Half, 2025 Results on Feb 20, 2025 Charter Hall Group announced that they will report first half, 2025 results on Feb 20, 2025 Upcoming Dividend • Dec 24
Upcoming dividend of AU$0.23 per share Eligible shareholders must have bought the stock before 30 December 2024. Payment date: 28 February 2025. Trailing yield: 3.1%. Lower than top quartile of Australian dividend payers (6.1%). Lower than average of industry peers (5.1%). Reported Earnings • Aug 21
Full year 2024 earnings released Full year 2024 results: Revenue: AU$597.8m (down 24% from FY 2023). Net loss: AU$222.1m (down 213% from profit in FY 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.7% decline forecast for the REITs industry in Australia. Declared Dividend • Jun 19
First half dividend of AU$0.023 announced Shareholders will receive a dividend of AU$0.023. Ex-date: 27th June 2024 Payment date: 30th August 2024 Dividend yield will be 2.0%, which is lower than the industry average of 5.5%. Board Change • Mar 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Stephen Conry was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 22
First half 2024 earnings released: EPS: AU$0.10 (vs AU$0.38 in 1H 2023) First half 2024 results: EPS: AU$0.10 (down from AU$0.38 in 1H 2023). Revenue: AU$311.4m (down 42% from 1H 2023). Net income: AU$48.9m (down 73% from 1H 2023). Profit margin: 16% (down from 33% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the REITs industry in Australia. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 21
Upcoming dividend of AU$0.22 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 February 2024. Trailing yield: 3.7%. Lower than top quartile of Australian dividend payers (6.7%). Lower than average of industry peers (5.5%). Announcement • Dec 13
Charter Hall Group to Report First Half, 2024 Results on Feb 21, 2024 Charter Hall Group announced that they will report first half, 2024 results on Feb 21, 2024 Announcement • Dec 04
Charter Hall Group Announces Distribution for the Half Year Ending 31 December 2023, Payable on or Around 29 February 2024 Charter Hall Group announced a distribution of 22.09 cents per security (cps) for the half year ending 31 December 2023. This represents a 6.0% increase on the first half of fiscal year 2023 distribution per security of 20.84 cents per security. A portion of this distribution will be paid from both stapled entities based on the following composition: 12.15 cents per security from Charter Hall Property Trust and 9.94 cents per security fully franked dividend from Charter Hall Limited. Record date is 29 December 2023. Securities trade ex-distribution date is 28 December 2023. Payment date is on or around 29 February 2024. Announcement • Nov 18
Gina Rinehart agreed to acquire 175 Eagle Street, Brisbane from Charter Hall Office Trust managed by Charter Hall Group (ASX:CHC) for AUD 240 million. Gina Rinehart agreed to acquire 175 Eagle Street, Brisbane from Charter Hall Office Trust managed by Charter Hall Group (ASX:CHC) for AUD 240 million on November 16, 2023. Announcement • Sep 29
Charter Hall Group Announces CFO Changes Charter Hall Group announced that it has appointed Anastasia Clarke as Chief Financial Officer (CFO), replacing Russell Proutt who resigned to pursue other opportunities. Ms Clarke takes on the role, as well as joining the Charter Hall Executive Committee, having recently announced her resignation as CFO at GPT Group. Ms Clarke has a deep understanding of all aspects of real estate, including listed corporations, funds management, investment, asset management, development and construction, that supports this appointment. Ms Clarke is a current Board Director of the Property Council of Australia and a member of Chief Executive Women (CEW). She was previously a member of the Western Sydney University Audit & Risk Committee. Ms Clarke holds a Bachelor of Accounting with Distinction from the University of Technology, Sydney and completed the INSEAD Advanced Management Programme. She is a Fellow Chartered Accountant (FCA) and a Fellow Certified Practising Accountant (FCPA). Ms Clarke will commence with the Group on 1 February 2024. Announcement • Sep 26
Charter Hall Group Announces the Resignation of Russell Proutt as Chief Financial Officer Charter Hall Group announced the resignation of its Chief Financial Officer, Russell Proutt, who has accepted the role of CEO at GPT Group. Announcement • Aug 22
Charter Hall Group Provides Earnings Guidance for the Fiscal Year 2024 Charter Hall Group provided earnings guidance for the fiscal year 2024. Based on no material change in current market conditions, fiscal year 2024 earnings guidance is for post-tax operating earnings per security of approximately 75 cents per security. Reported Earnings • Aug 22
Full year 2023 earnings released: EPS: AU$0.41 (vs AU$1.94 in FY 2022) Full year 2023 results: EPS: AU$0.41 (down from AU$1.94 in FY 2022). Revenue: AU$787.5m (down 53% from FY 2022). Net income: AU$196.1m (down 79% from FY 2022). Profit margin: 25% (down from 55% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is expected to fall by 6.3% p.a. on average during the next 3 years compared to a 6.3% decline forecast for the REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 21
Charter Hall Group Provides Distribution Guidance for the Fiscal Year 2024 Charter Hall Group provided distribution guidance for the fiscal year 2024. Fiscal year 2024 distribution per security guidance is for 6% growth over fiscal year 2023. Announcement • Jul 28
An unknown buyer acquired UNSW Kensington from Charter Hall Direct PFA Fund a fund managed by Charter Hall Group (ASX : CHC) for AUD 80 million. An unknown buyer acquired UNSW Kensington from Charter Hall Direct PFA Fund a fund managed by Charter Hall Group (ASX : CHC) for AUD 80 million on July 26, 2023. The transaction was brokered off-market by Peter Court and Mike Walsh at Cushman & Wakefield.
An unknown buyer completed the acquisition of UNSW Kensington from Charter Hall Direct PFA Fund a fund managed by Charter Hall Group (ASX : CHC) on July 26, 2023. Announcement • Jun 29
Charter Hall Group (ASX:CHC) agreed to acquire 1 Vegemite Way, Port Melbourne site of Bega Group from Bega Cheese Limited (ASX:BGA) for approximately AUD 120 million. Charter Hall Group (ASX:CHC) agreed to acquire 1 Vegemite Way, Port Melbourne site of Bega Group from Bega Cheese Limited (ASX:BGA) for approximately AUD 120 million on June 27,2023. The Bega Group intends to continue the production of iconic brands including Vegemite and Bega Peanut Butter at the site. The funds from the sale will reduce debt and further support the Bega Group’s strategy and transition to a company focused on market leading brands. Gavin Bishop and Sean Thomson of Colliers facilitated the sale. Recent Insider Transactions • May 13
MD, Group CEO & Director recently bought AU$550k worth of stock On the 11th of May, David Harrison bought around 50k shares on-market at roughly AU$11.00 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Announcement • May 06
Charter Hall Group, Annual General Meeting, Nov 16, 2023 Charter Hall Group, Annual General Meeting, Nov 16, 2023. Recent Insider Transactions • Mar 03
Independent Non-Executive Director recently bought AU$150k worth of stock On the 23rd of February, Stephen Conry bought around 11k shares on-market at roughly AU$13.60 per share. This transaction increased Stephen's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$288k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 21
First half 2023 earnings released: EPS: AU$0.48 (vs AU$1.14 in 1H 2022) First half 2023 results: EPS: AU$0.48 (down from AU$1.14 in 1H 2022). Revenue: AU$539.3m (down 40% from 1H 2022). Net income: AU$226.5m (down 57% from 1H 2022). Profit margin: 42% (down from 59% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 8.1% p.a. on average during the next 3 years, while revenues in the REITs industry in Australia are expected to grow by 1.6%. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 09
Charter Hall Prime Office Fund, managed by Charter Hall Group (ASX:CHC) acquired ATO Building in Canberra from Real I.S. Australia Pty Ltd. for AUD 290 million. Charter Hall Prime Office Fund, managed by Charter Hall Group (ASX:CHC) acquired ATO Building in Canberra from Real I.S. Australia Pty Ltd. for AUD 290 million on January 31, 2023. SAMUEL BROWN of K & L Gates acted as legal advisor to Real I.S. Australia Pty Ltd.Charter Hall Prime Office Fund, managed by Charter Hall Group (ASX:CHC) completed the acquisition of ATO Building in Canberra from Real I.S. Australia Pty Ltd. on January 31, 2023. Announcement • Jan 17
Charter Hall Group Appoints Stephen Conry AM as Independent Non-Executive Director Charter Hall Group announced the appointment of Mr. Stephen Conry AM as an Independent Non-Executive Director of the Charter Hall Group. Mr. Conry's appointment takes effect from 16 January 2023. Until 2022, Mr. Conry was the CEO of Jones Lang LaSalle Australia, Australia's largest commercial property services firm, serving in that role for 13 years. Mr. Conry commenced his career with JLL as a valuer and, prior to being appointed CEO, held various state and national business leadership roles as well as serving as an International Director for 22 years. Outside of his executive career, Mr. Conry has held roles with numerous business and community boards, including the Property Council of Australia where he was National President from 2019 to 2021. Mr. Conry is currently Chairman of private investment company Langdon Capital Pty Ltd, a member of the Commonwealth Remuneration Tribunal, a Board member of Redkite, a Fellow of the Australian Property Institute, a Fellow of the Royal Institution of Chartered Surveyors, and Fellow of the Australian Institute of Company Directors. Mr. Conry was appointed a Member of the Order of Australia in the 2019 Queens Birthday Honours list for his service to the Australian Commercial Property Sector and the Community. Upcoming Dividend • Dec 22
Upcoming dividend of AU$0.21 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 February 2023. Trailing yield: 3.3%. Lower than top quartile of Australian dividend payers (7.1%). Lower than average of industry peers (4.7%). Announcement • Dec 15
Charter Hall Group to Report First Half, 2023 Results on Feb 20, 2023 Charter Hall Group announced that they will report first half, 2023 results on Feb 20, 2023 Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to AU$12.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the REITs industry in Australia. Total returns to shareholders of 19% over the past three years. Recent Insider Transactions • Nov 24
Independent Non-Executive Director recently bought AU$62k worth of stock On the 21st of November, Jacqueline Chow bought around 5k shares on-market at roughly AU$13.80 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$171k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 27
Full year 2022 earnings released: EPS: AU$1.94 (vs AU$1.02 in FY 2021) Full year 2022 results: EPS: AU$1.94 (up from AU$1.02 in FY 2021). Revenue: AU$1.67b (up 65% from FY 2021). Net income: AU$911.1m (up 91% from FY 2021). Profit margin: 55% (up from 47% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 50% compared to a 25% decline forecast for the REITs industry in Australia. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of AU$0.20 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 31 August 2022. Trailing yield: 3.5%. Lower than top quartile of Australian dividend payers (6.9%). Lower than average of industry peers (4.8%). Recent Insider Transactions • May 05
Independent Non-Executive Director recently bought AU$77k worth of stock On the 2nd of May, Jacqueline Chow bought around 5k shares on-market at roughly AU$15.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$144k more in shares than they have sold in the last 12 months. Reported Earnings • Feb 28
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$1.14 (up from AU$0.39 in 1H 2021). Revenue: AU$904.2m (up 144% from 1H 2021). Net income: AU$531.3m (up 197% from 1H 2021). Profit margin: 59% (up from 48% in 1H 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 41%. Over the next year, revenue is expected to shrink by 48% compared to a 26% decline forecast for the industry in Australia. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be AU$20.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% per annum over the last 3 years. Earnings per share has grown by 15% per annum over the last 3 years. Upcoming Dividend • Dec 23
Upcoming dividend of AU$0.20 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 28 February 2022. Trailing yield: 2.0%. Lower than top quartile of Australian dividend payers (5.6%). Lower than average of industry peers (3.6%). Reported Earnings • Aug 25
Full year 2021 earnings released: EPS AU$1.02 (vs AU$0.75 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$1.01b (up 38% from FY 2020). Net income: AU$495.6m (up 42% from FY 2020). Profit margin: 49% (up from 48% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of AU$0.19 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 31 August 2021. Trailing yield: 2.6%. Lower than top quartile of Australian dividend payers (5.0%). Lower than average of industry peers (3.7%). Executive Departure • Jun 07
Independent Non-Executive Director Anne Brennan has left the company On the 31st of May, Anne Brennan's tenure as Independent Non-Executive Director ended after 10.7 years in the role. As of March 2021, Anne still personally held 30.00k shares (AU$204k worth at the time). Anne is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years. Recent Insider Transactions • Feb 25
MD, Group CEO & Director recently bought AU$863k worth of stock On the 24th of February, David Harrison bought around 70k shares on-market at roughly AU$12.33 per share. This was the largest purchase by an insider in the last 3 months. David has been a buyer over the last 12 months, purchasing a net total of AU$414k worth in shares. Is New 90 Day High Low • Feb 18
New 90-day low: AU$12.94 The company is down 1.0% from its price of AU$13.09 on 20 November 2020. The Australian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is down 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$28.57 per share. Reported Earnings • Feb 18
First half 2021 earnings released: EPS AU$0.39 (vs AU$0.68 in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and profit margins. First half 2021 results: Revenue: AU$370.2m (down 28% from 1H 2020). Net income: AU$179.2m (down 43% from 1H 2020). Profit margin: 48% (down from 61% in 1H 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Dec 24
New 90-day high: AU$15.14 The company is up 22% from its price of AU$12.38 on 25 September 2020. The Australian market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$28.30 per share. Is New 90 Day High Low • Dec 05
New 90-day high: AU$14.57 The company is up 17% from its price of AU$12.44 on 04 September 2020. The Australian market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$23.51 per share. Is New 90 Day High Low • Nov 10
New 90-day high: AU$13.83 The company is up 24% from its price of AU$11.16 on 12 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$20.00 per share. Is New 90 Day High Low • Oct 06
New 90-day high: AU$13.13 The company is up 39% from its price of AU$9.48 on 08 July 2020. The Australian market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is AU$18.85 per share. Announcement • Oct 01
Charter Hall, Dexus Eyes AMP Property Merger AMP Capital Investors Limited is understood to have turned its attention to the sale of its entire real estate platform, with the expectation that Dexus (ASX:DXS) and Charter Hall Group (ASX:CHC) will wind up fighting for control of its assets. It comes with speculation mounting that Charter Hall is weighing a bid for all AMP’s real estate funds. Despite suggestions in the market it has already made an approach about an acquisition of the platform, sources close to Charter Hall said this was not understood to be the case. AMP has Goldman Sachs and Credit Suisse assessing options for the overall company, which could include a break-up, and sources say they are now leaning towards a potential sale of the entire real estate funds management business that sits within AMP Capital in one line. While Goldman Sachs and Credit Suisse have been assessing broader options, E+P corporate advisory is working to evaluate the Dexus proposal for AMP, while Greenhill is working with Dexus. Announcement • Sep 26
Charter Hall Prime Industrial Fund managed by Charter Hall Group (ASX:CHC) and Allianz Real Estate Germany GmbH completed the acquisition of Australian logistics portfolio of 4 ALDI Distribution Centers from Aldi Gmbh & Co. Kg. Charter Hall Prime Industrial Fund managed by Charter Hall Group (ASX:CHC) and Allianz Real Estate Germany GmbH signed the sale and purchase agreement to acquire an Australian logistics portfolio of 4 ALDI Distribution Centers from Aldi Gmbh & Co. Kg for approximately AUD 650 million on June 4, 2020. The transaction was approved by Foreign Investment Review Board. The settlement for the transaction is expected in June 2020. Tony Iuliano of JLL acted as real estate advisor in the deal.
Charter Hall Prime Industrial Fund managed by Charter Hall Group (ASX:CHC) and Allianz Real Estate Germany GmbH completed the acquisition of Australian logistics portfolio of 4 ALDI Distribution Centers from Aldi Gmbh & Co. Kg in June, 2020. Announcement • Sep 25
Charter Hall Prime Industrial Fund managed by Charter Hall Group (ASX:CHC) and Allianz Real Estate Germany GmbH signed the sale and purchase agreement to acquire an Australian logistics portfolio of 4 ALDI Distribution Centers from Aldi Gmbh & Co. Kg for approximately AUD 650 million. Charter Hall Prime Industrial Fund managed by Charter Hall Group (ASX:CHC) and Allianz Real Estate Germany GmbH signed the sale and purchase agreement to acquire an Australian logistics portfolio of 4 ALDI Distribution Centers from Aldi Gmbh & Co. Kg for approximately AUD 650 million on June 4, 2020. The transaction was approved by Foreign Investment Review Board. The settlement for the transaction is expected in June 2020. Tony Iuliano of JLL acted as real estate advisor in the deal. Announcement • Sep 08
Deep Value Partnership and Charter Hall Prime Office Fund managed by Charter Hall Group (ASX:CHC) completed the acquisition of unknown stake in Chifley Tower from GIC Real Estate Pte Ltd. Deep Value Partnership and Charter Hall Prime Office Fund managed by Charter Hall Group (ASX:CHC) agreed to acquire unknown stake in Chifley Tower from GIC Real Estate Pte Ltd on August 7, 2019. Ernst & Young LLP (UK) acted as due diligence provider to Charter Hall Group.
Deep Value Partnership and Charter Hall Prime Office Fund managed by Charter Hall Group (ASX:CHC) completed the acquisition of unknown stake in Chifley Tower from GIC Real Estate Pte Ltd in August 2019. Announcement • Aug 17
Charter Hall Group (ASX:CHC) and GIC Pte. Ltd. agreed to acquire 49% stake in 203 core freehold convenience retail sites throughout Australia from Ampol Limited (ASX:ALD) for approximately AUD 680 million. Charter Hall Group (ASX:CHC) and GIC Pte. Ltd. agreed to acquire 49% stake in 203 core freehold convenience retail sites throughout Australia from Ampol Limited (ASX:ALD) for approximately AUD 680 million on August 17, 2020. Under the transaction, Charter Hall Group will acquire 2.45% stake in the portfolio. Upon completion of the transaction, Ampol will hold a 51% interest in the retail sites and maintain strategic and operational control of the core convenience retail sites. All sites will be leased back to Ampol under long-term triple net lease arrangements. The transaction is subject to a number of conditions precedent being satisfied and it is expected to complete by the end of 2020. The proceeds will be used initially to reduce leverage in line with Ampol’s capital allocation framework. Announcement • Jul 30
Charter Hall Prime Industrial Fund and Charter Hall Direct Industrial Fund No.4, funds managed by Charter Hall Group (ASX:CHC), acquired a logistics property in Sydney from Winc Australia Pty Limited for approximately AUD 120 million. Charter Hall Prime Industrial Fund and Charter Hall Direct Industrial Fund No.4, funds managed by Charter Hall Group (ASX:CHC), acquired a logistics property in Sydney from Winc Australia Pty Limited for approximately AUD 120 million on June 9, 2020. Michael Fenton of Savills advised in the transaction.
Charter Hall Prime Industrial Fund and Charter Hall Direct Industrial Fund No.4, funds managed by Charter Hall Group (ASX:CHC), completed the acquisition of a logistics property in Sydney from Winc Australia Pty Limited on June 9, 2020. Announcement • Jul 18
Charter Hall Direct Industrial Fund No.4 and Charter Hall Prime Industrial Fund managed by Charter Hall Group (ASX:CHC) entered into agreement to acquire Portfolio of industrial property from Owens-Illinois Holding (Australia) Pty Limited for approximately AUD 210 million. Charter Hall Direct Industrial Fund No.4 and Charter Hall Prime Industrial Fund managed by Charter Hall Group (ASX:CHC) entered into agreement to acquire Portfolio of industrial property from Owens-Illinois Holding (Australia) Pty Limited for AUD 210 million on July 16, 2020. CPIF has acquired two properties, 21 Simcock Avenue, Spotswood, in Melbourne and 617-625 Port Road, West Croydon in Adelaide for a total of approximately AUD 130 million, whilst DIF4 has acquired 130-170 Andrews Road, Penrith in Sydney for AUD 88 million. As part of agreement, OIA will continue their occupation of all three properties with a 20 year triple net lease, with fixed 3.0% annual rent reviews. The deal is expected to complete at the end of July 2020. Announcement • Jul 17
Charter Hall Group to Report Fiscal Year 2020 Results on Aug 20, 2020 Charter Hall Group announced that they will report fiscal year 2020 results at 11:30 AM, AUS Eastern Standard Time on Aug 20, 2020