Charter Hall has secured a A$780 million ($608 million) investment portfolio to be owned by Charter Hall Direct funds together with the Charter Hall Long WALE REIT.
The high-quality first-generation leased portfolio comprises three office buildings and one life sciences/industrial asset.
The portfolio comprises four assets, totaling 69,503 square meters (748,124 square feet):
the Services Australia building in Tuggeranong, ACT, for A$306 million ($238 million)
the Australian Taxation Office building in Box Hill, VIC, for A$230 million ($179 million)
the Australian Red Cross building in Alexandria, NSW, for A$159 million ($124 million)
the Australian Taxation Office building in Albury, NSW, for A$85 million ($66 million)
The portfolio is characterized by long leases to commonwealth government or government-supported tenant customers.
The portfolio will be acquired in a joint venture between CLW, which will own
