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Weekly Transaction Update - 10th August


In a strong week of trading, this week we recorded 44 major transactions worth close to $1.4b.

Charter Hall loves to keep assets within the stable and this week, 2 of Charter Hall's funds divested 50% interests to two other of its Funds. The first of these is 12 Franklin Street Adelaide, where Charter Hall's Long WALE REIT sold a 50% interest to it's Direct Office Fund at a price of $135M, being half the 2017 Book Value of the asset. The Long WALE REIT acquired the asset in Nov 2016 from Charter Hall Prime Office Fund (CPOF) and Telstra Super Fund (each having 50%) for $266M. After transaction costs, the Long WALE REIT is likely to have made a loss on the half share.