Charter Hall

Charter Hall is an Australian property development and funds management company. In 2022, IREI ranked Charter Hall as the largest real estate investment manager in Australasia based on assets under management.[6]

Charter Hall Group
TypePublic
ASX: CLW
S&P/ASX 200 component[1]
S&P/ASX 300 component[2]
IndustryReal Estate
Founded1991 (1991)
FoundersAndré Biet
David Southon
Cedric Fuchs
Headquarters
No.1 Martin Place, Sydney, New South Wales
,
Australia
Key people
David Harrison (Group CEO)
RevenueIncrease A$1.66 billion (FY 2022)
Increase A$927 million (FY 2022)
AUMA$83.4 billion (2022)
Total assetsIncrease A$4.19 billion (FY 2022)
Total equityIncrease A$3.29 billion (FY 2022)
Websitecharterhall.com.au
Footnotes / references
[3][4][5]

History

Charter Hall was founded in 1991 by André Biet, David Southon and Cedric Fuchs.[5] Biet left in 2005 when the company listed, Southon left in 2016 and Fuch retired in 2018.[5][7][8]

In 2004, Transfield Holdings acquired a 50% stake of Charter Hall.[9] In the same year David Harrison joined the company and is now leading it as Group CEO.[5][7][10]

On June 2005, the company held an initial public offering to list on the Australian Securities Exchange.[11][12][10]

In 2010, the company acquired Macquarie Group’s real estate platform.[13]

On November 2016, Charter Hall Long WALE REIT listed on Australian Securities Exchange which at the time was the largest ever initial public offering for a diversified property trust in the Australian market.[14]

On August 2018, Charter Hall acquired rival Folkestone in a $205 million cash deal.[15]

In 2021, Charter Hall acquired a 50% stake in Paradice Investment Management for $207 million.[16]

Properties

Virtually all investments are based in Australasia.[6]

References
  1. "ASX 200 List of Companies - Directory". www.asx200list.com.
  2. "ASX 300 List - Data for ASX Top 300 Companies". www.asx300list.com.
  3. "2022 Annual Report" (PDF).
  4. "About Us". Corporate.
  5. "Charter Hall's 20-year tale of change". Australian Financial Review. 30 March 2011.
  6. "Institutional Real Estate, Inc. – Global Investment Managers 2022" (PDF). October 15, 2022. Archived from the original (PDF) on 2022-10-15.
  7. Cummins, Carolyn (2016-02-01). "Charter Hall co-founder David Southon leaves". The Sydney Morning Herald. Retrieved 2022-10-29.
  8. "Charter Hall co-founder Cedric Fuchs reveals his dark secret". Australian Financial Review. 2018-06-22. Retrieved 2022-10-29.
  9. "Transfield entices Charter Hall". Australian Financial Review. 2004-07-06. Retrieved 2022-10-29.
  10. "David Harrison, CEO and Managing Director of Charter Hall Group". The CEO Magazine. Retrieved 2022-10-29.
  11. "Acquisitive Charter Hall considers IPO". Australian Financial Review. 11 February 2005.
  12. "Charter Hall's 20-year tale of change". Australian Financial Review. 30 March 2011.
  13. "Charter Hall acquires Macquarie platform". The Sydney Morning Herald. 2010-02-11. Retrieved 2022-10-29.
  14. "David Harrison's second coming: Charter Hall Long WALE REIT to float". Australian Financial Review. 2016-11-06. Retrieved 2022-10-29.
  15. Johanson, Simon (2018-08-22). "Charter Hall swoops on rival Folkestone in $205m deal". The Sydney Morning Herald. Retrieved 2022-10-29.
  16. "Charter Hall Group (ASX:CHC) acquires 50pc stake in Paradice Investment Management". The Market Herald. 2021-12-22. Retrieved 2022-10-29.
  17. "Charter Hall swoops as Singaporeans exit in $140m Collins St deal". Australian Financial Review. 2018-10-25. Retrieved 2022-10-29.
  18. "Charter Hall to take Bass Hill shopping centre for $90m". Australian Financial Review. 2015-09-02. Retrieved 2022-10-29.
  19. Development, Brisbane (2017-11-13). "Development Application Submitted for Brisbane Square Tower 2". BrisbaneDevelopment.com. Retrieved 2022-10-29.
  20. "Charter Hall starts $400m retail partnership". Australian Financial Review. 2015-04-01. Retrieved 2022-10-29.
  21. "Charter Hall buys Sydney's Rockdale Plaza for $142 million". Inside Retail. 2019-04-05. Retrieved 2022-10-29.
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