charter hall fund buys 118 million of assets in sydney perth

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 .

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