Charter Hall fund buys $80 million UNSW office building
Charter Hall fund buys $80 million UNSW office building Save Share Charter Hallâs Direct PFA Fund paid $80.15 million for a seven-storey office campus leased to the University of New South Wales in Sydneyâs inner-eastern Kensington. The acquisition of 221-227 Anzac Parade from an unidentified Korean institution boosts the fundâs holdings to 18 and its value to $1.8 billion. The fund, which is open to retail, high net worth and self-managed superannuation fund investors, has a weighted average lease expiry of 7.8 years and a 98 per cent occupancy rate. âThe opportunity to i...
Source: afr.com