Charter Hall Direct PFA Fund added to BT platforms
The Charter Hall Direct PFA Fund has been added to the BT Wrap and BT Panorama platforms, making the fund more widely available to investors.
Key features of the fund include monthly tax-advantaged distributions, an occupancy rate of 100 per cent, a high proportion of government tenants at 72 per cent, and an attractive weighted average lease expiry of 8.4 years, Charter Hall said.
The fund, valued at $344 million, owns seven office buildings in capital cities across six states, the property group said.
Head of Charter Hall Direct, Steven Bennett, said PFA provides an opportunity for investors and self-managed super fund trustees to acquire an interest in high quality buildings in major markets leased to excellent tenants on long leases.
“This formula translates into an attractive current distribution yield of 7 per cent per annum, paid monthly with potential for capital growth,” he said.
“These numbers compare very favourably to current interest rates available on cash at 1.5 per cent.”
Recommended for you
Pinnacle has reported a 151 per cent rise in net profit after tax in its half-year results, helped by overseas expansion and affiliate performance fees with further international deals in the pipeline.
Global asset manager Janus Henderson generated more than US$2 billion in net inflows during 2024, thanks to its strengthened intermediary channel and M&A activity.
Amid the rising demand for more flexible private equity investment options, LGT Capital Partners has launched a semi-liquid fund for wholesale investors in Australia and New Zealand.
The departure of Gerald Stack from Magellan could lead to redemptions as high as $8 billion, according to Morningstar, given the majority of assets in his infrastructure strategies are held by institutional clients.
