Information for investors

Transcription

1 Charter Hall irect Office Fund n unlisted property fund investing in a diversified portfolio of high quality ustralian office properties PI code Q0842U Information for investors Income 5.8 %p.a.* Quarterly tax-advantaged distributions Occupancy 99 % verage lease term 8.5 years Current portfolio value $1.3 billion inimum investment $20,000 * Yield based on actual ar 2018 quarter distribution rate of 8.0 cents per unit (annualised) and $1.37 unit price at 1 pr istributions for future quarters may vary. o obtain current unit pricing visit

2 Charter Hall irect Office Fund (OF), an unlisted fund investing in a diversified portfolio of high quality ustralian office properties, is open for investment. OF is one of ustralia s largest unlisted managed funds investing in commercial office property available to retail, F and high net worth investors. op six tenants and the percentage of gross property portfolio income ote: s at 31 arch oorak oad, Hawthorn ast Vic 8 % 105 Phillip treet, Parramatta, 8 % 169 acquarie treet, Parramatta 8 % 900 nn treet, Fortitude Valley, Qld 6 % 200 Queen treet, elbourne Vic 6 % 4-16 ontgomery treet, Kogarah 6 % Investment yield comparison Currently, OF provides a target annual distribution of 5.8% p.a. 6 which compares favourably with the income returns of other asset classes. he investments shown in this chart have different liquidity and risk profiles. Please refer to the P for a description of the risks associated with an investment in OF. 1. ates as at 31 ar s at 2 pril verage 24 month term deposit rate as at 31 ar 2018 for investments of $100, Core Logic P ata 5 Capital City ggregate esidential Property Gross ental Yield, reflecting daily capital value change in us residential properties. Yield at 2 pr eighted average 12 month historic distribution yield as at 31 ar OF yield based on actual ar 2018 quarter distribution rate of 8.0 cents per unit (annualised) and $1.37 unit price at 1 pr istributions for future quarters may vary. 1.5 % 2.1 % 2.4 % eserve ank of ustralia Cash ate 1 2-year ustralian Government ond 2 5-year ustralian Government ond % Property Portfolio occupancy vs PC occupancy average (%) 95% 100% 100% 99% 100% 100% 98.5% 100% 100% 100% 100% 95% 84% 80% ote: PC data as at January 2018 and Property Portfolio data as at 31 ecember ydney PC verage 4 16 ontgomery t Kogarah 68 Pitt t ydney 105 Phillip t Parramatta 169 acquarie t Parramatta elbourne PC verage 1 icholson t elbourne 200 Queen t elbourne 800 oorak d Hawthorn ast risbane PC verage 100 kyring ce ewstead 2-year term deposit (average) nn t Fortitude Valley Perth PC verage 181 t Georges ce Perth 3.4 % Core Logic P ata 5 Capital City ggregate % &P/X 200 ccumulation Index (before ranking credits) % Charter Hall irect Office Fund 6

3 HHO Property Portfolio e invest in and actively manage quality, well-located ustralian properties in established markets to maximise their value and income growth, and grow rental income by attracting and retaining a diversified range of quality tenants on long leases with structured rental increases. In addition to the properties below, OF also has a ~$43 million investment in CPOF a Charter Hall managed wholesale office fund. ith total assets valued at $3 billion, CPOF invests in prime office assets across ustralia. ental rate growth 3.6 % p.a. Current portfolio value 1.3 billion 69 nn treet, risbane Qld lso known as orthbank Plaza, the building was comprehensively refurbished and repositioned with -grade services in he majority of floors feature expansive river, mountain and C views. he major tenant is elstra. he fund has a 50% interest in the property. O IG CHIO UO I C CIY O G Property average lease term 8.5 years Occupancy 99 % I CIY Y UL C FOIU VLLY I IV CL 7 (OLL O) CLCHL KH LYO GOK PLZ J J K UK COCIL OGG K F YY IFF HY OXL I IV F K LYO COU LOV I IV ULI HHO O V I IV 105 Phillip treet, Parramatta he fund secured a 50% interest in this new 12 level -grade building, which is positioned within walking distance to the Parramatta ransport Interchange, Parramatta Ferry and major retail amenity. he newly developed office space is 100% leased for 12 years to the tate Government s epartment of ducation with fixed annual rent reviews. HU JOH GL CHL CHUCH GYL CHUCH CHUCH CHUCH UI L HOOO PL CIV PL CY FIL FIZILLI HOOO PL C QU I C QU I CY QU O HLL PHILLIP GOG GOG IH IO CK L LC CK 105 PHILLIP LIL HLL CIY LIY 800 oorak oad, Hawthorn ast Vic Landmark six level office complex located in an inner elbourne location with strong amenity and excellent transport connectivity being adjacent to the onash Freeway. Leased to Coles Group. he fund has a 50% interest in the property. - LOU C HK IL K L K COLLIGOO LOU KIL PU OUH Y CO CHPL HO H ILLI OOK L 1 OH FY OOK GLFI K LV LV IVL UU OOOG UK 800 OOK O OOOG IO GI IO OOOG C HHO JU PL

4 200 Queen treet, elbourne Vic his -grade, 25 floor building is well located, close to the legal and financial precincts of elbourne, attracting high calibre tenants. 1 icholson treet, elbourne Vic his glass facade skyscraper comprises 18 levels of office space, with fabulous views over Parliament Gardens and is located in close proximity to public transport. COU KH C CIL LOV CL C HL J K FOIU VLLY O G G UL IV GOK PLZ CO UL I he fund secured a 50% interest in this 12 level -grade commercial office complex. he property is well located in risbane s Gasworks precinct, less than 2km from the C. he major tenant is the ank of Queensland. O IG 100 kyring errace, risbane Qld I CI Y Y CHIO IFF K HH Y ) CL 7 (OLL O I C IY O HILL FO O Y ULI Y K H LI P LOV CHIO IFF I K J K HHO H ) CL 7 (OLL O F K Y F Y I IV CIY O G U Y I C O U L LY OX O I O LY IV I O IV O LY OX K CL C HL J IV I O GG FOIU VLLY O LY CIL U L 900 L CO C CIY Y I F K ULI O F CIY O G I IV Located in risbane s rapidly growing Fortitude Valley, the site is a major thoroughfare connecting the risbane C and near city suburbs. he fund has a 50% interest in this landmark office tower being constructed as the headquarters for X50 company, urizon Holdings, on a 12 year lease. he property is currently in development and will be completed in June O IG 900 nn treet, Fortitude Valley Qld V I U CO I rtist impression Y K I C H U O U J O

5 68 Pitt treet, ydney OO P L G CH G O G CK HO L PL OO L UI C QU I I H CHU 169 acquarie treet, Parramatta CY QU O HLL JOH GL CHL CHUCH O LY CIV C Q O YY HOU IG CH 169 LIG CQUI HOU PL GYL G GO IO JOH CILLO V ILL I G I CIY LIY I K O C U Y O IL O L Y Y 4-16 ontgomery treet, Kogarah H LIZH OL C FI Z Y U LC CK O H CHUC FIL V C P I YVI G Y H G HI O KIG P I 5 KOGH H O 181 t Georges errace, Perth Located at the premier address (t Georges errace) for financial and commercial activity in the Perth C, this office building comprises a ground floor foyer with retail tenancies and six upper level floors of office space. LIZH QUY VLOP PH YY IPO KOGH O C FO he fund secured a 49.9% interest in this 8 level purpose built commercial complex leased by estpac anking on a 20 year lease (17 years remaining). ell positioned on the ydney southern rail network, this -grade office building features extensive office space, a bank branch and other tenant amenities. U CY CHU HU he fund secured a 50% interest in this new -grade building which is close to Parramatta station. It comprises 14 commercial floors and is leased by the estern ydney University on a 15 year lease. he property was newly built, and was completed in ecember GO HO ituated in the heart of the ydney C, this 24 level office building is the largest asset in the OF portfolio by value. he building benefits from three sides of natural light and easy access to ynyard and artin Place bus and railway stations.

6 How to apply You should read the product disclosure statement (P) before making any investment decision. pplications for units in OF may only be made by completing the application form in the P. o request a P speak to your financial adviser or call Charter Hall on Your fund manager Charter Hall Group has grown, since its launch in 1991, to become one of ustralia s leading property groups, with a total property portfolio of over $21 billion. e own and manage over 320 ustralian commercial properties, including office buildings, supermarket anchored retail centres and industrial assets on behalf of institutional, wholesale and retail investors. Charter Hall, its directors and senior managers are aligned by investing alongside investors in many of the funds they manage. Contact us For more information on investing in the fund contact your financial adviser, or Charter Hall directly on: directproperty@charterhall.com.au Charter Hall irect Property is ustralia s leading direct property fund manager, with over $3 billion of real estate assets under management. e have a strong track record managing unlisted property funds and syndicates since Our products are consistently highly rated by external research groups. elow you can see the awards we have achieved. Our skilled and motivated team utilise their industry experience and passion to deliver sustainable returns for our investors, with a focus on outperformance of fund benchmarks. IPO IFOIO he responsible entity of the Charter Hall irect Office Fund ( Fund ) is Charter Hall irect Property anagement Limited ( CHPL ) ( , FL ). CHPL as responsible entity for the Fund has issued a product disclosure statement dated 27 July 2017 ( P ) which sets out the offer to apply for units in the Fund. If you are considering an investment in the Fund you should read the P in its entirety. You can request a copy of the P, free of charge, by calling CHPL on his information has been made available to the recipient for information purposes only. It is not intended to be, and does not constitute a P, prospectus, short form prospectus or profile statement as those terms are defined in the Corporations ct. It does not constitute an offer for the issue, sale or purchase of any securities, or any recommendation in relation to investing in any asset. his document has been prepared without taking account of any particular investor s objectives, financial situation or needs. For this reason, it is important that you consider the P for the offer and seek appropriate professional advice before making any investment decision. CHPL does not receive fees in respect of the general financial product advice it provides, however it will receive fees for operating the Fund, in accordance with the Fund s Constitution. ntities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Fund which are generally based on the value of the Fund s assets. For more detail on fees, see the P. ny investment is subject to risk, including possible delays in payment and loss of income and principal invested. either CHPL nor any of its associates, related entities or directors guarantee the performance of any investment or the repayment of monies invested. hile every care has been taken in the preparation of this document, CHPL does not make any representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts or opinions. o the maximum extent permitted by law, CHPL disclaims all liability for any loss or damage which may arise out of the provision to, or by, or use by, any person of the information contained in this document. ll figures and dates are as at 31 arch 2018 unless stated otherwise. eighted average lease term includes a lease under heads of agreement. Charter Hall Group he Professional Planner Zenith Fund wards are determined using proprietary methodologies. Fund wards were issued October 6, 2017 and are solely statements of opinion and do not represent recommendations to purchase, hold or sell any securities or make any other investment decisions. Fund wards are current for 12 months from the date awarded and are subject to change at any time. Fund wards for previous years are referenced for historical purposes only.