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Charter Hall funds take 100% of Metcash centre

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.

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Charter Hall (CHC)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Ranked by total area owned then by total assets

1st-Brookfield Asset Management188,093
2nd-Dexus129,131
3rd-Charter Hall111,777
4th-Primewest94,252
5th-Perth Diocesan Trustees79,107
25 property - commercial owners ranked by size of total area in m2

Ranked by size of total area under management

5th↑Primewest115,070
6th-AMP Capital110,110
7th↑Charter Hall90,379
8th↑ISPT82,247
9th↓Hawaiian73,523
46 shopping centre owners ranked by size of total area in m2

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