Charter Hall Group has acquired the remaining 50 per cent stake it did not already own in grocery wholesaler Metcash's Canning Vale distribution centre for $63.5 million.

Charter Hall announced today that its newly-established industrial property fund, the Core Logistics Partnership (CLP), had acquired the 50 per cent stake in the distribution centre, as well as an AMCOR logistics facility in Melbourne, for $103.1 million.

CLP is a $400 million fund operated in partnership with two Australian-based institutional investment groups, in which Charter Hall has agreed to invest $14 million.

Login

(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

(first time users)

FREE: 8 articles per month + twice daily business email alerts

CAPTCHA
Thanks! This question prevents spammers...
Image CAPTCHA
Enter the characters shown in the image.