Charter Hall’s Direct BW Trust Sells Bunnings Taree for $28.15 Million
Deal News | Apr 14, 2025 | Charter Hall Group
Charter Hall Group announced the sale of a commercial property, Bunnings Taree, through its Direct BW Trust. The property was sold for $28.15 million, reflecting Charter Hall’s ongoing strategy to optimize its investment portfolio. This transaction is indicative of Charter Hall's tactical manoeuvres in the real estate sector, capitalizing on favorable market conditions to maximize returns for their investors.
Sectors
- Real Estate Investment Trust (REIT)
- Retail
Geography
- Australia – Charter Hall Group is based in Australia, and the property Bunnings Taree is located in Australia.
Industry
- Real Estate Investment Trust (REIT) – Charter Hall Group is involved in real estate investments, and the transaction involves the sale of a commercial property.
- Retail – Bunnings Taree is a retail property, which is a significant aspect of the transaction.
Financials
- 28.15 million – The sale price for Bunnings Taree.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Charter Hall Group | Private Equity Firm | Company | An Australian property investment company managing a diverse portfolio of assets. |
| Direct BW Trust | Seller | Company | A part of Charter Hall Group, involved in managing specific real estate investments. |
| Bunnings Taree | Target | Company | A commercial retail property located in Taree, Australia. |