Charter Hall secures $1.2b property mandate for unnamed institutional client
The news: Property investment and funds management group Charter Hall has been appointed to manage a $1.2 billion diversified direct property mandate for an unnamed, existing institutional client.
The context: The details of the portfolio are confidential. Charter Hall managing director and CEO David Harrison said the mandate “continues the momentum” in the group’s funds under management growth and equity flows, and “demonstrates Charter Hall’s cross-sector expertise and scale across Australia’s core real estate sectors”.
The source: ASX