Charter Hall Direct Office Fund now available on top investment platforms due to increased adviser demand
Steven Bennett
Charter Hall Group has announced that its Direct Office Fund (DOF) is now available to financial advisers through Australia’s leading investment and superannuation platforms via BT Wrap, BT Panorama, Macquarie Wrap, Colonial First State FirstWrap, HUB24, Netwealth and Powerwrap as more financial advisers see opportunity in Australian direct commercial property.
These leading platforms demonstrate significant operational capability to provide an opportunity for SMSF investors and trustees of retail superannuation to access DOF alongside their existing comprehensive menu choices across all asset classes.The unlisted property fund, DOF, invests in a diversified and growing portfolio of high quality Australian office properties It currently comprises a portfolio of 10 fully leased office buildings in Sydney, Melbourne, Brisbane and Perth valued at more than $1 billion.
The unlisted property fund, DOF, invests in a diversified and growing portfolio of high quality Australian office properties. It currently comprises a portfolio of 10 fully leased office buildings in Sydney, Melbourne, Brisbane and Perth valued at more than $1 billion.
The fund has received strong ratings from independent research houses, with ‘Highly Recommended’ by Zenith, ‘Highly Recommended’ by Lonsec and ‘AA” by PIR.
Head of Charter Hall Direct Steven Bennett said: “Interest in DOF continues from high net worth, self-managed super funds, investors in retail super and pension platforms and advised investors. Overall, we see a noticeable increase in interest for institutionally managed direct property funds, which are providing a starting yield to investors above 6.0% for high-quality assets with conservative gearing.”
DOF’s investment strategy is to acquire core Australian commercial real estate, on long leases with high quality covenants.
“Despite the recent broader listed market volatility, unlisted investor demand for direct property remains robust due to the income yield and growth in distributions driven by long leases with fixed rental growth,” he noted.DOF has returned an average of 17.1% per annum (on Wholesale A Units) compared to the benchmark (MSCI/IPD Australian Unlisted Wholesale Property Fund Index) of 12.1% per annum since 2014.
DOF has returned an average of 17.1% per annum (on Wholesale A Units) compared to the benchmark (MSCI/IPD Australian Unlisted Wholesale Property Fund Index) of 12.1% per annum since 2014Charter Hall has two of the top 10 performing funds in the Property Council of Australia’s latest unlisted core retail sector index compiled by IPD/MSCI.
Charter Hall has two of the top 10 performing funds in the Property Council of Australia’s latest unlisted core retail sector index compiled by IPD/MSCICharter Hall Direct was recently awarded the 2016 Professional Planner | Zenith Fund Award for Direct Property in recognition of DOF earlier this year.
Charter Hall Direct was recently awarded the 2016 Professional Planner | Zenith Fund Award for Direct Property in recognition of DOF earlier this year.
