Charter Hall Direct Office Fund
About this Fund
|FUND MANAGER||Charter Hall Group|
|INVESTMENT STYLE||Investing in an established and growing diversified portfolio of high quality Australian office Properties.|
|INVESTMENT PROFILE||The Fund aims to provide Investors with sustainable and stable tax-advantaged income and the potential for capital growth.|
|NO. OF HOLDINGS||11|
|FEES||Estimated at 0.7% per annum of the GAV.|
The Fund's investment strategy is to:
Charter Hall Direct Office Fund is an unlisted property fund with an existing diversified portfolio valued at more than $1 billion. Charter Hall's continued access to a pipeline of Australian office property will grow the portfolio with high quality, well located acquisitions.
By investing in the Fund, you have the potential to receive sustainable and stable tax-advantaged income paid quarterly. Distributions are derived from real properties in a portfolio with a long weighted average lease term, annual rent increases and the potential for capital growth.
The Property Portfolio currently comprises 11 high quality property investments diversified across Sydney, Melbourne, Brisbane and Perth:
As at the date of this PDS, the Fund's total as if complete Property value is $1.2 billion, with 18% of this total value under development.
The current Property Portfolio continues to demonstrate strong tenant demand as evidenced by each Property in the portfolio outperforming the Property Council of Australia (PCA) occupancy benchmarks. The ability to attract and retain tenants is a key focus for the Responsible Entity and it is closely aligned with the Fund's investment objective to provide Investors with sustainable and stable tax-advantaged income and the potential for capital growth.
The Fund also has an investment in CPOF - a Charter Hall managed wholesale office fund with total assets valued at $3 billion. Investing in prime office assets across Australia, CPOF is geographically weighted to Sydney and Melbourne and was the top performing office fund in the MSCI/IPD Australia Wholesale Property Funds Index over one, three and five years to December 2016. CPOF has 19 properties with average occupancy of 97.9% and a 6.4 year weighted average lease term.
The Responsible Entity may revise this investment criteria from time to time, having regard to the best interests of Investors. Changes to these investment criteria will be communicated to Investors via the Fund's website or in writing. The Board of the Responsible Entity will consider each potential acquisition on a case-by-case basis.