Charter Hall CEO s eye for deals propels property giant to $45b value
Charter Hall CEO s eye for deals propels property giant to $45b value
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As COVID-19 laid waste to Australia s borders and investor fear halved the value of the Australian sharemarket s A-REIT index earlier this year, property powerhouse Charter Hall went on a buying spree.
Ploughing on through the national lockdown and pandemic uncertainty, it leapt on a portfolio of supermarket Aldi logistics warehouses, paying $648 million for its efforts. That was quickly followed by a dozen more deals and, by the end of the year, Charter Hall had outlayed a whopping $3.5 billion on real estate during one of the most tumultuous business years in living memory.