Aussie property fund open to NZ
DOF is looking to accept a further $AUD250 million from investors in a new round of equity raising.
Head of direct property Nick Kelly said: “In response to the demand from New Zealanders to invest in Australian investment-grade commercial property we have, for the first time, formally entered this investment market by registering our current direct unlisted property funds, in New Zealand.
“New Zealand residents can now invest with Charter Hall in New Zealand dollars and they can also receive dividends in New Zealand dollars. With the New Zealand dollar at near parity with the Aussie – the best rate in living memory – it’s an especially attractive time for New Zealanders to invest in blue chip Australian commercial property.”
Charter Hall Group is Australia’s largest specialist investment property manager with more than $AUD17.5 billion under management.
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