Charter Hall Social REIT buys into Sydney’s innovation hub
Charter Hall Social Infrastructure REIT (CQE) has acquired a 49.9% interest for $66.9 million in healthcare Innovation Quarter (iQ) in Western Sydney.
The fund has funded the acquisition of iQ through the full divestment of securities held in Arena REIT and the divestment of five non-core early learning properties.
iQ is a newly constructed healthcare, medical research, education and training facility that has been developed by Charter Hall and Western Sydney University and is located in Western Sydney, adjacent to Westmead Hospital.
Western Sydney University occupies approximately 47% of iQ on a 15-year initial term with the CSIRO occupying approximately 16% of the property on a 10-year initial term.
Other tenants included Telstra Health, Psych Central and WentWest.
In the announcement made to the Australian Securities Exchange (ASX), CQE fund manger, Travis Butcher, described the move as “consistent with CQE’s active portfolio curation strategy” with the new asset representing “a high quality, new social infrastructure property” with strong fundamentals.
FAR followed by an existing duplication where Advisers had to personally register the same info again. And now FSC want…
Licensee actions against advisers should never be publicly reported, because all but the smallest licensees are totally conflicted in their…
And how much has been applied to offset the ASIC Adviser levy as we were told would happen ? $…
Incredible that regulators are raking in hundreds of millions from the guilty, yet they force the innocent to pay compensation…
....and bugger all of that was ever from unionised industry superfunds! Not because, as they would have you falsely believe,…