Charter Hall Group has received a A$1.2bn (€720m) diversified direct property mandate from an existing institutional client. Details of the portfolio and the identity of the investor were not disclosed.
Charter Hall managing director and group chief executive officer, David Harrison, said: “Charter Hall is pleased to be appointed to manage this A$1.2bn diversified direct property mandate. This mandate demonstrates Charter Hall’s cross-sector expertise and scale across Australia’s core real estate sectors.”
Harrison added the mandate continued the momentum in funds under management growth and equity flows announced during this financial year.
The group attracted inflows totalling A$4.8bn in gross equity in the first half of the current financial year, ending December 31, 2025 – representing the highest level of semi-annual gross equity inflows in the company’s 30-year history.
Last year, Australian financial services group, Challenger, moved the management of its A$2.1bn portfolio from Elanor Investors Group to Charter Hall in a mandate that expanded the group’s wholesale funds management and led to the launch of a A$2.5bn Charter Hall Convenience Retail Fund.
Additionally, Charter Hall raised A$2.2bn in wholesale pooled funds and A$220m in direct managed funds lifting the group’s total funds under management to A$92.2bn in that period.
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