Charter Hall secures half stake in Melbourne's Southern Cross Towers

 Property investment manager Charter Hall (ASX: CHC) has announced the acquisition of a 50 per cent stake in the Southern Cross two-tower complex in central Melbourne for an undisclosed fee from current joint owners Brookfield and Blackstone.

The Sydney-based real estate giant, which has a portfolio spanning 1,506 properties worth $61.3 billion, will take part-ownership of a combined 126,000sqm of high-quality office space through its subsidiary Charter Hall Prime Office Fund (CPOF).

Located at 111-121 Exhibition Street, the Southern Cross Towers occupy a prominent corner position with frontages to Exhibition, Little Collins and Bourke streets and provide access to transport, entertainment and sports precincts.

Read More: https://www.businessnewsaustralia.com/articles/charter-hall-secures-half-stake-in-southern-cross-towers.html



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