Charter Hall buys $171.4M Inghams portfolio

Company News

Charter Hall Group (ASX:CHC) has bought a $171.4 million industrial portfolio leased to Australasian poultry producer and processor, Inghams Enterprises Pty Ltd. 
 
The property investor has acquired the portfolio of six properties located across Australia on behalf of three of its managed partnership funds.   
 
Joint Managing Director David Harrison says the transaction is inline with the company’s strategy to reweighting its portfolio toward assets with long leases to strong credit quality tenants with leading market positions. 
 
The portfolio is entirely leased to Inghams, with initial lease terms of between 20 and 24 years, and Inghams will be a new tenant customer for Charter Hall Group’s portfolio. 
 
Charter Hall Group reported a net profit of $82.11 million in the full 2014 financial year. 

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