Charter Hall Prime Industrial Fund secures $1.9b of new equity commitments

Charter Hall Group announced that its flagship A$5.8 billion ($4.27 billion) Charter Hall Prime Industrial Fund (CPIF) has closed its capital raising significantly oversubscribed, having raised A$2.6 billion ($1.91 billion) since April 2020 in two separate raisings.

The capital raising was supported by both existing and 29 new investors, comprising a mix of Australian and offshore investors, including super funds, pension plans, sovereign wealth funds, insurance companies and financial institutions from Asia, the Middle East, Europe and North America.

David Harrison, Charter Hall’s managing director and Group CEO, said “The group is delighted with the strong level of support we have received despite the economic uncertainty caused by COVID-19. It demonstrates the quality and resilience of the CPIF portfolio and Charter Hall’s reputation, amongst domestic and global investors, as a leading player in the Australian industrial and logistics market.

“The ind