Charter Hall Office Management Limited
ABN 75 006 765 206
AFS Licence No. 247075 as responsible entity of Charter Hall Office REIT
COMPLETION OF SALE OF PROMENADE II, ATLANTAThursday, 24 November 2011
Charter Hall Office REIT (ASX:CQO) (the 'REIT') today announced it has closed the sale of its third United States asset, Promenade II, Atlanta, 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 closing is in accordance with the sale contract. As Promenade II was secured as part of the five asset credit facility, the net proceeds will be reserved as collateral until the loan is restructured as part
of the transfer to Beacon. Upon restructure, the proceeds will be released and repatriated.
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 2011-11-24 01:51:16 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 Promenade ll, Atlanta |