Charter Hall has acquired three parcels of convenience retail properties for a total of AS$216.7m (€132m) in South Australia and Queensland for its Charter Hall Convenience Retail Fund (CCRF).
The latest additions include Churchill Centre South, a large-format retail precinct in metropolitan Adelaide, which occupies a prominent 5.4ha site within Adelaide’s established Churchill Road retail corridor.
The Queensland portfolio was acquired from Consolidated Properties Group (CPG) and CVS Lane Partners.
Ben Ellis, CEO retail for Charter Hall said: “These acquisitions continue our focus on growing CCRF and the Charter Hall managed platform into Australia’s largest owner of convenience-based shopping centres.”
David Harrison, Charter Hall managing director and group CEO, said: “We have continued our long-standing relationship with Don O’Rourke’s CPG, with more than A$500m of transactions completed together over two decades.”
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