Friday, 13 January 2012
Charter Hall Office Management Limited
ABN 75 006 765 206
AFS Licence No. 247075 as responsible entity of Charter Hall Office REIT
Charter Hall Office REIT (ASX:CQO) (the 'REIT') today announced it has closed the sale of Pasadena Towers, Pasadena, 745 Atlantic Avenue, Boston and Chase Tower, Indianapolis as part of the sale of the entire United States portfolio to entities affiliated with Beacon Capital Partners, LLC (Beacon) announced on 3 August 2011. The closings are in accordance with the sale contract.
Pasadena Towers and 745 Atlantic Avenue were secured as part of the five asset credit facility and following these closings the five asset loan has been restructured into a single asset loan secured against One & Three Christina Center, Wilmington, which is yet to settle. Proceeds from December's closing of Promenade II, Atlanta and SunTrust Financial Centre Tampa along with Pasadena Towers and 745 Atlantic Avenue, will be released and repatriated to Australia in the near term, along with the
net proceeds from the Chase Tower sale.
For further information please contact: Adrian TaylorChief Executive Officer Charter Hall Office REIT Tel: +61 2 8295 1024
adrian.taylor@charterhall.com.au
Jill Rikard-BellChief Operating Officer Charter Hall Office REIT Tel: +61 2 8295 1013
jill.rikard-bell@charterhall.com.au
About Charter Hall Office REIT
Charter Hall Office REIT is a leading listed real estate
investment trust with a portfolio of high grade office
buildings predominantly located in major business districts
across Australia and the United States (the US portfolio is
under contract for sale). A customer focused approach to
asset management drives the leasing and refurbishment
initiatives with a view to maximising returns of the
underlying assets.
Charter Hall Office REIT is managed by Charter Hall Group
(ASX:CHC) is one of Australia's leading fully integrated
property groups, with 20 years' experience managing high
quality property on behalf of institutional, wholesale and
retail clients. Charter Hall has over $10 billion of funds
under management across the office, retail, industrial and
residential sectors. The Group has offices in Sydney,
Melbourne, Brisbane, Adelaide, Perth, Warsaw and Chicago.
The Group's success is underpinned by a highly skilled and
motivated team with diverse expertise across property sectors
and risk-return profiles. Sustainability is a key element of
its business approach and by ensuring its actions are
commercially sound and make a difference to its people,
customers and the environment, Charter Hall can make a
positive impact for its investors, the community and the
Group. For further information on Charter Hall Group and
Charter Hall Office REIT go to
www.charterhall.com.au
Closing of US sales subject to conditions precedent
The closing of the remaining US asset sales is subject to the satisfaction of conditions precedent. Because satisfaction of these conditions precedent is not in all respects within the control of Charter Hall Office Management Limited (CHOML), CHOML is not in a position to give, and does not give, any assurance as to the timing of closings and the number of properties that will close.
distribué par | Ce noodl a été diffusé par Charter Hall Office REIT et initialement mise en ligne sur le site http://www.charterhall.com.au/Charter-Hall-Office-REIT-CQO. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-13 00:27:09 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
Documents associés | |
Completion of sale of three US assets |