Media ReleasesCharter Hall Group

View All Charter Hall Group News


Charter Hall Group wholesale partnership acquires CBD office tower with ABP


Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today confirmed that it has established a new partnership comprising two of its wholesale partnerships to acquire 68% of the freehold, tenants in common interest in 201 Elizabeth Street, Sydney. Charter Hall has partnered with Abacus (ASX:ABP) who will buy the remaining 32% tenants in common interest.

The expected total purchase price is $630,000,000 and the transaction will occur in two tranches, with 75% of the total purchase price payable by mid-November 2019 and the remaining 25% subject to a put and call option expiring at the end of October 2020. The vendor is a 50/50 joint venture between Dexus (ASX:DXS) and Perron Group.

For more information, please download the attached PDF.
Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.