Charter Hall Group and its entities have started the new financial year with a bang, announcing $531 million in acquisitions including a one-third share of the Myer Melbourne store and one of the biggest Brisbane office deals of the year.
In the Brisbane transaction, Charter Hall Prime Office Fund took full ownership of 275 George St, acquiring the 50 per cent it did not own from Singapore based Keppel REIT for $264 million at a capitalisation rate of 5 per cent.
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Martin Kelly is a property reporter based in Sydney covering all aspects of commercial and residential real estate including major deals, market trends and developments. Email Martin at martinkelly@afr.com
