Charter Hall Raise $340M for Office Fund
Charter Hall has raised an additional $340M of equity for their unlisted Charter Hall Prime Office Fund. The $3.5 billion Fund will use the capital raising to help fund its development pipeline of around $1.5 billion in projects.
The Fund comprises 21 office properties with a WALE of 6.4 years and a 98% occupancy.
The fund now has capital from 30 local and offshore investors and expects to complete the balance of its overall target of $500 million in capital raising during the 2018 financial year.