|
|
|
|
Rebate Offer
|
2.0% (66%)
|
|
Minimum Initial Investment
|
$10,000
|
|
Expected Close Date
|
CLOSED
|
|
Charter Hall 130 Stirling Street Trust (Charter Hall Investment Fund 7) provides direct exposure to a single, high quality commercial property asset and seeks to provide the benefit of a stable and reliable income stream with the potential for strong annual growth.
Key Features
- 8.65% average distribution yield over the first two years
- Monthly distributions
- 100% leased newly completed office building in Perth
- 5 year initial investment term
- High tax deferred income component
Charter Hall is seeking to raise capital for the purchase of the recently completed 130 Stirling Street campus style office facility located on the fringe of Perth's CBD. The building is 100% leased with a weighted average lease term to expiry of 8.9 years. The building's tenants include the Commonwealth Government, WA Police and Nurses Credit Society and national accounting firm HLB Mann Judd with average fixed rental increases averaging 4.3% pa. The building has been specifically designed as an environmentally sustainable workplace, receiving a 4 Star Green Star - Office Design v2 rating and is targeting a 4.5 star NABERS Energy Rating.
The 130 Stirling Street Trust is forecast to provide monthly distributions of 8.3% in the first year, increasing to a forecast 9.0% for the year ending 31 December 2011. In addition to a solid distribution yield, the Trust provides tax advantaged income through forecast 95% tax deferred income in year 1 and 83% in year 2.
Charter Hall Group is an established property funds management and development company, based in Sydney with offices in Melbourne, Brisbane, Perth, Adelaide and Auckland. Established in 1991 and listed on the ASX in 2005, the Group has $3.2 billion FUM and has achieved a solid track record as one of Australia’s leading specialist property fund managers. The Group has also recently been included in the S&P/ASX 200 index.
Trust Update
Charter Hall 130 Stirling Street Trust is now fully subscribed.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 2.0% of the 3.0% upfront commission on investments in the Charter Hall Stirling St Trust (Charter Hall Investment Fund 7) in the form of a cheque. 2020 DIRECTINVEST will retain 1.0% to cover the costs of marketing, postage & handling and administration of this fund. No trailing commission is paid. |
|
|
|
|