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Charter Hall

  •   17 November 2020
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Charter Hall Partnership acquires Bunnings Portfolio for $353 million

17 November 2020 - Charter Hall wholesale partnership LWHP, which comprises VFMC, Telstra Super and CHC as partners, acquired a $353 million portfolio of six Bunnings assets located in prime metropolitan markets.

The portfolio of modern Bunnings Warehouse retail stores, was acquired on a yield of 4.63%. The portfolio, 85% of which is located in Sydney, Melbourne and Brisbane, has a WALE of 10 years and 2.5% annual rent reviews.

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