The Charter Hall Direct PFA Fund has been added to the BT Wrap and BT Panorama platforms, making the fund more widely available to investors.
Key features of the fund include monthly tax-advantaged distributions, an occupancy rate of 100 per cent, a high proportion of government tenants at 72 per cent, and an attractive weighted average lease expiry of 8.4 years, Charter Hall said.
The fund, valued at $344 million, owns seven office buildings in capital cities across six states, the property group said.
Head of Charter Hall Direct, Steven Bennett, said PFA provides an opportunity for investors and self-managed super fund trustees to acquire an interest in high quality buildings in major markets leased to excellent tenants on long leases.
“This formula translates into an attractive current distribution yield of 7 per cent per annum, paid monthly with potential for capital growth,” he said.
“These numbers compare very favourably to current interest rates available on cash at 1.5 per cent.”
