Charter Hall Direct PFA Fund added to BT Wrap and BT Panorama

Steven Bennett

Steven Bennett

Government tenants and long lease terms feature in fund offering 7% p.a.[1] income.

The Charter Hall Direct PFA Fund (PFA), featuring high quality office buildings across Australia, is now more widely available to investors as a result of being added to both the BT Wrap platform and innovative platform, BT Panorama.

The fund is available on both platforms as of April 2018.

Key features of the fund include monthly tax-advantaged distributions, an occupancy rate of 100%, a high proportion of government tenants – 72%, and an attractive weighted average lease expiry (WALE) of 8.4 years.

The fund, valued at $344 million, owns seven office buildings in capital cities across six states.

Head of Charter Hall Direct, Steven Bennett, said PFA provides an opportunity for investors and SMSF trustees and members 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%pa1, paid monthly with potential for capital growth.

“These numbers compare very favourably to current interest rates available on cash at 1.5%[2][1] PFA’s yield based on forecast distribution of 7.25 cents per unit over the forecast period being 1 July 2017 to 30 June 2018 (annualised), and $1.03 unit price at 1 April 2018.
[2] Rate as at 31 December 2017. Each investment has different liquidity and risk profiles.

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