Charter Hall invests $66m in Hobart assets
Charter Hall Direct has acquired two fully leased properties in Hobart for $66 million by two of its Direct Funds.
The Charter Hall Direct PFA Fund, which specialises in investments in government tenanted properties, invested in a cluster of buildings on two adjoining sites for $50.5 million.
This property, an office complex at 22 Elizabeth Street and 103 Macquarie Street, is currently primarily occupied by Tasmanian State Government’s Department of Health and Human Services, the firm said.
At the same time, the Charter Hall Direct Diversified Consumer Staples Fund acquired a retail warehouse located midway between the Hobart CBD and the MONA arts complex.
This property would offer a total gross lettable area of around 6,453 square meters on a site area of 1.76 hectares, with approximately 80 per cent of this area fully leased to national retail tenants.
The Charter Hall Diversified Consumer Staples Fund has a current income yield of 6.7 per cent per annum while the Charter Hall Direct PFA Fund delivered 6.9 per cent per annum.
Recommended for you
Perpetual has seen AUM rise 6 per cent in the last quarter but the departure of a longstanding JOHCM fund manager led to outflows of $2.2 billion from his strategy.
Global fixed income fund Bentham Global Opportunities has been added to several major platforms, enabling it to be accessed more easily by financial advisers.
As ASIC chair Joe Longo pushes firms to prepare for the upcoming mandatory climate disclosure regime, what skills are necessary if firms are looking to expand their ESG teams?
First Sentier Investors has announced it will close four of its Australian investment teams amid a simplification of the business, with $14 billion expected to be returned to investors.