Charter Hall's Direct BW Trust Seals $28.15M Sale of Bunnings Taree
Deal News | Apr 14, 2025 | Charter Hall Group
Charter Hall Group, a leading investment management firm in Australia, has announced that its Direct BW Trust has sold the Bunnings Taree property for $28.15 million. The sale reflects the trust’s strategy to maximize returns for investors by capitalizing on market opportunities. Charter Hall's ongoing focus includes strategic property sales and acquisitions driven by current market dynamics. The transaction underscores the strength and appeal of Australia’s commercial real estate market, particularly in the retail sector.
Sectors
- Real Estate Investment
- Retail Property
Geography
- Australia – The transaction involves Australian entities and property, specifically a retail site in Taree, New South Wales.
Industry
- Real Estate Investment – The transaction involves the sale of a commercial retail property, which is central to the business operations of real estate investment trusts (REITs).
- Retail Property – The asset involved, Bunnings Taree, is a retail property, illustrating the sector focus of the investment.
Financials
- 28.15 million – The sale price of the Bunnings Taree property.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Charter Hall Group | Bidding Companybuyer | Company | An Australian real estate investment management firm involved in managing and acquiring a diverse portfolio of commercial properties. |
| Direct BW Trust | Selling Company | Company | A trust under Charter Hall Group, managed to oversee and execute real estate transactions such as the sale of Bunnings Taree. |
| Bunnings Taree | Target company | Company | A retail property located in Taree, New South Wales that was sold as part of the transaction. |