Charter Hall Direct Property has launched a new single property syndicate for high net worth investors and self managed super funds (SMSFs) looking for exposure to the Perth market.
The Charter Hall Direct’s 144 Stirling Street Trust asset, is fully let with major leases to Hatch and the WA Government.
144 Stirling Street is an A-grade office building located on the edge of the Perth CBD.
The forecast first year income yield is 8.85 percent.
Richard Stacker, Charter Hall head of direct property, says 80 percent of Charter Hall Direct Property’s equity flows were coming from SMSF investors.
“SMSF investors are by far the fastest growing area of the superannuation segment and their investment portfolios tend to have a higher allocation to property investments, either directly or through managed funds,” he says.
“Advisers and investors are looking for alternative investments that have a return profile that is less correlated to equity markets and other asset classes and do not experience the, at times, irrationality and short term views that can cause wild swings up and down in returns.”
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