Charter Hall acquires SPC facility in Victoria off market for $66m with rare 30-year triple-net lease
29 January 2022 - Charter Hall Group (Charter Hall or the Group) is pleased to announce that the Direct Industrial Fund No.4 (DIF4 or the Fund) has acquired SPC’s facility in Shepparton, Victoria for $66 million with a rare 30-year triple-net lease and an initial passing yield of 6.1%.
The off-market sale and leaseback arrangement with SPC provides the Charter Hall managed DIF4 with a 30-year triple net lease structure, with an initial commencement rent of $4.0 million and an annual rental review profile of CPI + 0.75%.
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