Snippets Corner: 02 February 2010 – CHC
January 31, 2010
Charter Hall Group (CHC) sold its 50% stake in 275 George Street in Brisbane to K-REIT Asia (Australia) Trust, for $166 million. CPOF will retain the remaining 50% stake in the office development. The group said co-developer Charter Hall Core Plus Office Fund would retain the remaining 50% stake in the office development alongside Singapore based real estate investment trust K-REIT Asia. Charter Hall said it would continue to undertake the management of the property.
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