Charter Hall sees 5.9% valuation gain taking FUM to $52bn

The latest round of valuation gains have provided Charter Halls portfolio with a $3.3bn boost in value over the past 6 months taking the Group’s FUM to $52bn.

Leading the surge in valuations over the past 6 months has been the industrial assets, which have grown 10.8% in value, followed by the Long WALE REIT assets which have grown 8.7% and Social Infrastructure assets which have grown 7.4%.

Managing Director and Group CEO, David Harrison, said: “Today’s valuation outcomes demonstrate the success of our investment selection process. We’ve seen impressive valuation gains across most sectors, delivering strong returns for our investors. Our focus on securing long-leased assets to high quality tenants, often secured through off-market sale-and-leaseback transactions, or through our develop-to-core development pipeline, continues to deliver attractive enhanced returns.”

The impacts from COVID on the Office and Retail sector has held back valuation gains with these sectors recording just 2.9% and 1.2% gains respectively.

Charter Hall continues to grow its platform off the back of its impressive development pipeline and acquisitions.

David Harrison, said, “The net valuation growth for FY21 of $3.7 billion in addition to the $1.8 billion of capex during FY21 has complemented the $7.8 billion of acquisitions and $1.8 billion of divestments, resulting in $6.0 billion of net acquisitions for FY21 to date.”