The Sydney asset in Chester Hill is the National Archives facility, an industrial building used for the collection and storage of government records.
The fund has taken a 100 per cent interest in the industrial building, comprising office and warehouse across 22,824sq m, for $54.1 million.
The industrial zoned land parcel in the Chester Hill, Villawood industrial precinct is fully leased to government on a new 20 year lease, and represents a net passing yield of 6.6 per cent.
Across the country, the fund has also taken a 50 per cent share of the Perth based Optima Centre, worth $62.6 million.
The building is 80 per cent leased to state government on a 7 per cent yield.
The property comprises two fully leased, suburban office buildings of 16,116sq m completed in 2010, located five kilometres from the CBD.
Charter Hall WALE will acquire a 50 per cent interest in joint venture with the Charter Hall Direct PFA Fund .