Charter Hall Group · ASX:CHC
Charter Hall — Investor Presentation (April 2007)
11 slides from Charter Hall's investor presentation, Apr 26, 2007
Slide 1: Charter Hall Group establishes $700 million Core Plus Industrial Fund (CPIF)
CHARTER HALL GROUP ESTABLISHES $700 MILLION CORE PLUS INDUSTRIAL FUND (CPIF) Thursday, 26 April 2007 Charter Hall Group announces that as at the first close of the Core Plus Industrial Fund (CPIF) capital raising, $350 million of equity commitments have been received, including Charter Hall Property
Slide 2: Media release continued: wholesale funds and About Charter Hall Group
Joint Managing Director David Harrison noted that, “our Core Plus funds provide for a 70/30 percent spread between core/stablised assets and enhanced assets, which provides the opportunity for CPIF to target a broader spectrum of assets than a Core only or Enhanced only fund. This provides even grea
Slide 3: Charter Hall Group (CHC) Core Plus Industrial Fund
CHARTER HALL GROUP (CHC) CORE PLUS INDUSTRIAL FUND $350 Million Equity Raising at 1st Close $700 Million Asset Under Management Capacity APRIL 2007 CHARTER HALL GROUP . CORE PLUS INDUSTRIAL FUND 1
Slide 4: Introduction
INTRODUCTION Charter Hall Group (CHC) has established a $700 million wholesale fund having secured $350 million of equity commitments at the First Close of its Core Plus Industrial Fund (CPIF), including CHPT’s commitment CPIF is the second in the series of sector specific Core Plus funds establishe
Slide 5: Introduction (Cont'd)
INTRODUCTION (Cont’d) The initial portfolio includes tenants such as Coles Group, Toll Holdings, Protectors Alsafe (Wesfarmers), Caterpillar, Kathmandu, Myer, Woolworths and Hagemeyer CPIF investment mandate is to secure 70% core/stabilised and 30% enhanced properties which once stabilised form part
Slide 6: CPIF Positioning
CPIF POSITIONING Return 18%+ OPPORTUNISTIC 15-17% ENHANCED 11-14% CORE PLUS 9-11% CORE Lower Risk Higher Risk TRUST STATUS Flow through Trust Flow through Trust Trading Trust CRITERIA Core investments 70% core, 30% enhanced Development opportunities INVESTORS Institutional, HNW, Retail Wholesale Who
Slide 7: CPIF Product Features
CPIF PRODUCT FEATURES FEATURE DESCRIPTION Open ended property fund Predominantly industrial assets / business park assets STRUCTURE First Close April 07, Second Close by end of 07 Sunset on uncalled equity 2 years from final close (extendable to 3 years) Flow through investment trust with assets hel
Slide 8: Initial CPIF Property Portfolio
INITIAL CPIF PROPERTY PORTFOLIO Subject Site Coles Myer Toll, Viola Place Distribution Centre Brisbane QLD Perth WA $9.5m $133.2m (100% Ownership) (75% Ownership) Wesfarmers, Geebung Pinkenba Brisbane QLD Brisbane QLD $7.75m (100% Ownership) Subject Site $23.3 m (100% Ownership) 140-150 Robinson Rd,
Slide 9: Initial CPIF Property Portfolio Stats
INITIAL CPIF PROPERTY PORTFOLIO STATS Geebung, Tullamarine, 3.1% Toll, 3.9% 9.6% Pinkenba, 9.5% QLD, 23.8% WA, 66.5% Kew, 12.4% Robinson 6.5 Coles, Kew 7.8 54.1% VIC, 9.6% Robinson, Pinkenba 8.2 7.5% GEOGRAPHICAL DIVERSIFICATION Tullamarine 6.2 ASSET DIVERSIFICATION by Acquisition Price by Acquisiti
Slide 10: CPIF Benefits for CHC
CPIF BENEFITS FOR CHC Provides investment vehicle for CHC via CHPT to acquire exposure to high quality industrial assets with long lease duration and high levels of guaranteed annual rent increases CHPT gains access to better quality assets than it could fund solely using its own balance sheet over
Slide 11: Appendix: 123 Kewdale Road, Kewdale, Perth WA
APPENDIX :123 Kewdale Road, Kewdale, Perth WA General CPIF Ownership 100% Acquisition Price $31.88m Acquisition Date May 07 Expected Completion Date N/A Property Breakdown Sector Industrial GLA (sqm) 30,000sqm Year 1 Property Yield 7.16% IRR Property (10 yrs ungeared) 9.19% IRR Equity (10 yrs geared
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