Charter Hall takes bow on ASX
A new listed property security debuts on the Australian Stock Exchange this morning, with Charter Hall Group taking its property trust and attached management company to the public.
Charter Hall Group, assigned the stock code CHCCA, will be capitalised at $270 million with all but $14 million of that tied up in the six properties of the Charter Hall Property Trust, diversified across the bulky goods retail, office and industrial sectors and concentrated in Sydney and Melbourne.
The group also comprises Charter Hall Limited, a company undertaking property funds management, development management, property investment banking and property management.
Retail investors were strongly represented in the $188 million of new equity raised for the company, with the retail offer closing oversubscribed.
AUTHOR
Michael Bailey
Recommended for you
With Fortnum Private Wealth and Professional Financial Services now unified under the Entireti umbrella company, CEO Neil Younger has detailed to Money Management the firm’s new direction and future expansion.
The FAAA has suggested looking offshore for overseas financial advisers to ease the adviser shortage, but are employers willing to take on the burden of workplace visas?
There may be a huge influx of alternatives coming to the market, but timing and access difficulties mean advisers can easily end up disappointed with their selection, according to Morningstar global CIO Dan Kemp.
An NSW individual has pleaded guilty to one criminal charge of providing unlicensed financial services after promoting crypto investments at national seminars.
