Charter Hall

A major refurbishment is set to elevate the modern workplace experience at our 9 Castlereagh Street asset in Sydney. Renowned architectural firm and long-time tenant WMK Architecture, have reimagined the property to become one of Sydney's premier office destinations. A 5-star concierge service and lobby will welcome people into a distinctive space with a revitalised ground floor, mezzanine and brand-new end-of-trip facilities. With experience front of mind, we are also partnering with The Grounds to open a new café. Known for creating one of the most beloved and experience-rich venues in Sydney, The Grounds will draw inspiration from the building’s unique character, bringing a new level of dynamism to the workplace. Adam Choker from The Grounds said the café will attract workers and passersby alike. “Our café will be a welcoming space that not only adds to and complements the revitalised lobby as you enter, but also contributes to the vibrant energy of the CBD.” The experience will be further enhanced by a bespoke mosaic mural by internationally recognised Danish designer, Lin Utzon, the daughter of Opera House architect Jorn Utzon. Construction is underway and expected to be completed by the end of 2024.

As we navigate this phase of the property cycle, we've remained focused on what we can control, curating our portfolios to support our tenant and investor customers, meet the needs of our people and ensure our communities have the support they need. We're proud of the work that has been done this year against a challenging backdrop. By leveraging our scale and platform-wide approach, we've delivered meaningful progress toward our Net Zero by 2025 target, maintained an engaged workforce, strengthened our customer relationships and partnered on issues that matter. We've also set the foundation for many milestones in FY25. To learn more about our progress and how we partner to amplify our impact, read our Sustainability Report here: https://lnkd.in/f_vmsR9

Today we announced our FY24 Full Year Results. We delivered operating earnings of $358.7 million, reflecting OEPS post-tax of 75.8 cents, slightly ahead of guidance, with earnings growth of 4% guided for FY25. Despite further cap rate softening driving devaluations, we continue to hold the largest sector-diverse property portfolio in Australia, with Group FUM of $80.9 billion, including $65.5 billion of property FUM. Charter Hall's Managing Director and Group CEO, David Harrison, commented on our results, "FY24 has seen us focus on the ongoing curation of the portfolios we manage, selective development, partnering with our tenant and investor customers to meet their needs and closely managing our cost base. This has seen us deliver a good result set against a tough real estate environment." Read the full report below and visit our Investor Centre here: https://lnkd.in/gYhZmJ3N

We are proud to be the program partner for Property Council of Australia's Girls in Property initiative, which raises awareness about what’s possible for young women in the property industry and supports female participation in the sector.   Around 60 Brisbane students participated in last week’s annual event, which was held against the backdrop of Australian Retirement Trust's new workplace at Brisbane Square.   Charter Hall was represented by Emily van Osta, who engaged with students on their questions about careers and day-to-day work in the industry, and facilitated workshops with Robert Bryce, Katie Trinh and Bianca Cramb on customer-centric place creation and partnerships. "The “Pitch Off”, where the girls presented their urban regeneration masterplans, was a highlight.   We are committed to supporting students in exploring potential futures in the property sector and helping them understand why the industry is so important to Australia’s social and economic development.

We have a commitment to enduring social impact partnerships at Charter Hall, and to realising the responsibilities set out in our Innovate RAP. We’re proud to have once again collaborated with local changemakers at 21 of our retail assets on initiatives that help drive awareness of the importance of reconciliation and give our communities opportunities to take part in meaningful change. It was a delight to see primary school students’ illustrations displayed in our local shopping centres for the fifth edition of the ‘Drawing Us Together’ community book initiative during NAIDOC Week. These designs will be chosen by the community for inclusion in a book developed by First Nations authors celebrating the rich history and culture of Aboriginal and Torres Strait Islander people. In collaboration with social enterprise Two Good Co, children at Charter Hall shopping centres in NSW and WA participated in decorating lunchboxes with custom stickers from 'The Littles' range. For each decorated lunchbox, Charter Hall donated another to a child in need, totaling 2,400 and strengthening our commitment to community support through practical initiatives. Read more about our recent projects in The West Australian: https://lnkd.in/g2B-9JNk

It was a privilege to join our long-term tenant customer, Visy, for the commissioning of Australia’s most sustainable glass furnace manufacturing facility, in Western Sydney last week. Our CIO Sean McMahon and I&L CEO Richard Stacker represented Charter Hall, alongside Visy Chairman Anthony Pratt, NSW Premier Chris Minns and Deputy Premier Prue Car.   As one of Visy’s major property partners in Australia, the 50,000sqm Penrith facility is one of five substantial properties where we support the operations of Visy and its supply chain, spanning 192,000sqm and four states.   Visy and Charter Hall have forged a long-term property partnership embodying shared ambitions, sustainability leadership and innovation, and the Penrith facility commissioning is another great example of our growing relationship.

Last week, we hosted the Healthy Heads in Trucks & Sheds team alongside our tenant customer, Coca-Cola Europacific Partners, to discuss the importance of mental health and wellbeing for frontline workers. The CCEP team at Orchard Road Distribution Facility in Richlands came together to receive valuable information about how to maintain a healthy workplace environment and learn more about the resources and support available to them. We're proud to continue partnering with Healthy Heads in promoting mental health awareness to positively impact our tenant customers, improving the wellbeing of Industrial & Logistics frontline workers and normalising conversations around mental health. Learn more about our community investment here: https://lnkd.in/gmKAZUTF

After a successful debut in 2023, Charter Hall's very own rock band, Off the CHarts, is back with a new setlist for Property Industry Foundation's annual Construction Rocks 2024. Last year, Off the CHarts took home the award for most donations raised, and this year they're aiming to raise even more vital funds for the PIF's Haven House Project, which provides a safe home for homeless or disadvantaged youth. If you'd like to help us reach our goal, you can: ▪ Make a tax-deductible donation here: https://lnkd.in/geTaGASY ▪ Become a VIP Fan! Rock out front row on 1 August at the Oxford Art Factory. Purchase your tickets for just $45pp here:  https://lnkd.in/g2xkHMbi Last year's event sold out, so get your tickets before they're gone!

Our new, mixed-use asset at 555 Collins Street in Melbourne has been recognised for its seamless integration and elevated experiences, being named a Finalist in the 2024 World Architecture Festival Awards in the mixed-use category. With stage one completed late last year, the vibrant precinct and Premium grade office provides our tenant customers with an exceptional workplace experience, with touchless access, skyline terraces, premium amenity and a focus on wellness and sustainability. Good luck to the Cox Architecture team that will present to live judges at the Festival in November. Learn more about our Office portfolio here: https://lnkd.in/gGt2RW-W

We recently participated in another insightful ANREV event in Tokyo, where Charter Hall was proud to be the major sponsor. Our CIO Sean McMahon presented on the Outbound Panel for Japanese Capital. Some key takeaways from an Australian perspective include:   ▪ Asia Pacific’s top ten city/sector investment destinations continue to be dominated by Australian and Japanese cities. Sydney and Melbourne have been preferred markets for the past eight years.    ▪ For Asia Pacific, an average of 7.1% of investors’ portfolios are allocated into real estate. With the target allocation at 8.4%, this is signalling headroom for more capital inflow into the region. By market, Australia represented the largest differential between current (6.6%) and target (8.33%) allocations.   ▪ Significantly, on the day Australia was also nominated as the preferred outbound market for Japanese capital, ahead of the US and Europe.   As Sean explained at the panel session, “Australia is seen as a Global Safe Haven for foreign capital providing double digit returns on a risk adjusted basis with low volatility, delivering outperformance over multiple time series. With 13 major Japanese investors in our Funds Management platform, we've enjoyed a decade long association with the Japanese investment community and are well-positioned for further growth together.” Learn more about how we partner with our investors here: https://lnkd.in/gPHZQA9m