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Charter Hall Development Showcase

Charter Hall took an opportunity this week to showcase their development capability across all sectors of their business which Charter Hall claim has added $2.3bn in additional value to unit holders in their commercial & industrial funds over the past 10 years.

For Charter Hall this "develop to core" mandate is a key growth strategy and whilst markets remain under supplied, the strategy continue to deliver assets, value and fee revenue to their investors.

Charter Hall re-affirmed their view that the commercial and industrial markets are not heading for oversupply with most markets with decade low levels of vacancy, solid net absorption and supply at or under long term levels, conditions which inevitably lead to strong rental growth and higher land values.

Charter Hall have a solid development pipeline across commercial and industrial markets with approx $5.2bn of gross assets under development.

The Charter Hall Office Development portfolio comprises approximately $4.68b of development pipeline, including $1.7b of committed projects and a further $2.97b of un committed developments in their planning approval or pre leasing stage. These include;

  • 130 Lonsdale Street - 110,000sqm

  • GPO Exchange, Adelaide - 25,500sqm

  • 555 Collins Street, Melbourne - 80,000sqm

  • 360 Queen Street, Brisbane - 39,000sqm

In the industrial markets, Charter Hall Industrial Development (CHID) will deliver 18 buildings nationally in FY20 with a GAV of $608m, including;

  • Chullora Logistics Park - 46,850sqm

  • M5/M7 Logistics Park - 84,000sqm

  • Motorway Industrial Park – Gilmore Road, Berrinba - 97,000sqm

  • Drystone Industrial Estate – 441 Doherty’s Road, Truganina - 350,000sqm

  • Midwest Industrial Estate – 500 Doherty’s Road, Truganina - 265,00sqm

The group also sought to include aspects of the Folkestone development pipeline into the mix with reference to several non-core assets such as Millers Junction, Novotel Sydney Airport and Hornsby Town Centre.

See Presentation