Charter Hall Group’s $353 Million Acquisition Of Bunnings’ Portfolio

Arnold Bloch Leibler has advised Charter Hall Group on the deal.

Charter Hall Group and its institutional investors acquired a $353 million portfolio of six Bunnings assets located in prime metropolitan markets, including Sydney, Melbourne and Brisbane.

As reported in the Australian Financial Review, the properties were sold in an off-market deal representing a yield of 4.63 per cent.

ABL partners Stephen Sharp (Picture) and Tyrone McCarthy led the team acting on the deal. Other team members included Senior Associate Brianna Youngson, Lawyer Crosby Radburn and Law Graduate Tamsen Kempster.

Involved fees earner: Tyrone McCarthy – Arnold Bloch Leibler; Stephen Sharp – Arnold Bloch Leibler;

Law Firms: Arnold Bloch Leibler;

Clients: Charter Hall;

Author: Michael Patrini