Charter Hall

Last updated

Charter Hall Group
Company type Public
ASX:  CHC
S&P/ASX 200 component [1]
S&P/ASX 300 component [2]
Industry Real Estate
Founded1991;33 years ago (1991)
FoundersAndré Biet
David Southon
Cedric Fuchs
Headquarters
No.1 Martin Place, Sydney, New South Wales
,
Australia
Key people
David Harrison (Group CEO)
RevenueIncrease2.svgA$1.66 billion (FY 2022)
Increase2.svgA$927 million (FY 2022)
AUM A$83.4 billion (2022)
Total assets Increase2.svgA$4.19 billion (FY 2022)
Total equity Increase2.svgA$3.29 billion (FY 2022)
Website charterhall.com.au
Footnotes /references
[3] [4] [5]

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]

Contents

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]

In 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]

In 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]

In 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]

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References

  1. ↑ "ASX 200 List of Companies - Directory". www.asx200list.com. Archived from the original on 13 March 2020. Retrieved 29 October 2022.
  2. ↑ "ASX 300 List - Data for ASX Top 300 Companies". www.asx300list.com. Archived from the original on 21 November 2022. Retrieved 29 October 2022.
  3. ↑ "2022 Annual Report" (PDF). Archived (PDF) from the original on 12 October 2022. Retrieved 29 October 2022.
  4. ↑ "About Us". Corporate. Archived from the original on 25 October 2022. Retrieved 29 October 2022.
  5. 1 2 3 4 "Charter Hall's 20-year tale of change". Australian Financial Review. 30 March 2011. Archived from the original on 5 April 2022. Retrieved 29 October 2022.
  6. 1 2 "Institutional Real Estate, Inc. – Global Investment Managers 2022" (PDF). 15 October 2022. Archived from the original (PDF) on 15 October 2022.
  7. 1 2 Cummins, Carolyn (1 February 2016). "Charter Hall co-founder David Southon leaves". The Sydney Morning Herald. Archived from the original on 5 April 2022. Retrieved 29 October 2022.
  8. ↑ "Charter Hall co-founder Cedric Fuchs reveals his dark secret". Australian Financial Review. 22 June 2018. Archived from the original on 5 April 2022. Retrieved 29 October 2022.
  9. ↑ "Transfield entices Charter Hall". Australian Financial Review. 6 July 2004. Archived from the original on 16 March 2024. Retrieved 29 October 2022.
  10. 1 2 "David Harrison, CEO and Managing Director of Charter Hall Group". The CEO Magazine. Archived from the original on 26 March 2023. Retrieved 29 October 2022.
  11. ↑ "Acquisitive Charter Hall considers IPO". Australian Financial Review. 11 February 2005. Archived from the original on 16 March 2024. Retrieved 29 October 2022.
  12. ↑ "Charter Hall's 20-year tale of change". Australian Financial Review. 30 March 2011. Archived from the original on 5 April 2022. Retrieved 29 October 2022.
  13. ↑ "Charter Hall acquires Macquarie platform". The Sydney Morning Herald. 11 February 2010. Archived from the original on 5 April 2022. Retrieved 29 October 2022.
  14. ↑ "David Harrison's second coming: Charter Hall Long WALE REIT to float". Australian Financial Review. 6 November 2016. Archived from the original on 5 December 2022. Retrieved 29 October 2022.
  15. ↑ Johanson, Simon (22 August 2018). "Charter Hall swoops on rival Folkestone in $205m deal". The Sydney Morning Herald. Archived from the original on 22 August 2018. Retrieved 29 October 2022.
  16. ↑ "Charter Hall Group (ASX:CHC) acquires 50pc stake in Paradice Investment Management". The Market Herald. 22 December 2021. Archived from the original on 24 January 2022. Retrieved 29 October 2022.
  17. ↑ "Charter Hall swoops as Singaporeans exit in $140m Collins St deal". Australian Financial Review. 25 October 2018. Archived from the original on 29 November 2022. Retrieved 29 October 2022.
  18. ↑ "Charter Hall to take Bass Hill shopping centre for $90m". Australian Financial Review. 2 September 2015. Archived from the original on 16 March 2024. Retrieved 29 October 2022.
  19. ↑ Development, Brisbane (13 November 2017). "Development Application Submitted for Brisbane Square Tower 2". BrisbaneDevelopment.com. Archived from the original on 1 October 2022. Retrieved 29 October 2022.
  20. ↑ "Charter Hall starts $400m retail partnership". Australian Financial Review. 1 April 2015. Archived from the original on 14 March 2023. Retrieved 29 October 2022.
  21. ↑ "Charter Hall buys Sydney's Rockdale Plaza for $142 million". Inside Retail. 5 April 2019. Retrieved 29 October 2022.
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