Charter Hall completes $560 million in off-market industrial & logistics acquisitions
3 August 2021 - Charter Hall Group (Charter Hall or the Group) today announced that it has acquired and settled “off-market” 17 assets totalling more than $560 million located within prime industrial precincts across the eastern seaboard.
The significant volume of off-market acquisitions completed by Charter Hall’s transaction team in the last 3 months follows the $2.7 billion of Industrial and Logistics assets during Financial Year 20/21.
The majority of assets purchased are leased stabilised assets, underpinned by high-quality tenant covenants, with long lease terms ranging up to 16.9 years, all of which are well-located in large industrial precincts with proximity to major infrastructure and metropolitan areas. The average WALE of stabilised assets approximates 10 years. Within the recent $560 million of acquisitions, Charter Hall has purchased a number of development sites, which will bolster its development pipeline including stabilised assets with surplus land for expansion/development.
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