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Charter Hall fund pays $115m for new office

Property Markets / Transactions

Australia

Aug 03 2017

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Carolyn Cummins, The Sydney Morning Herald

Charter Hall has expanded its footprint in Melbourne city, with the purchase of 990 La Trobe Street, for a $114.5 million, as part of the Motor Accident Commission portfolio disposal.

It will give the $3.5 billion unlisted fund a high profile property in Melbourne's Docklands precinct and 100 leased to Melbourne Water on a 10-year lease with 4 per cent fixed annual rental increases.

 

Go to The Sydney Morning Herald to read the full story.

SOURCE: The Sydney Morning Herald

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