Charter Hall eyes SMSFs with direct office fund

The addition of the Charter Hall Direct Office Fund to several investment and superannuation platforms has provided SMSF practitioners and trustees with greater access to funds.

The Direct Office Fund (DOF) is an unlisted property fund investing in a diversified portfolio of Australian office properties. It is now available on BT Wrap, BT Panorama, Macquarie Wrap, Colonial First State FirstWrap, HUB24, Netwealth and Powerwrap.

Head of Charter Hall Direct, Steven Bennett, said DOF continues to see interest from “high-net-worth, SMSFs, investors in retail super and pension platforms, and advised investors.”

“Overall, we see a noticeable increase in interest for institutionally managed direct property funds, which are providing a starting yield to investors above 6.0 per cent for high quality assets with conservative gearing,” Mr Bennett said.

“Despite the recent broader listed market volatility, unlisted investor demand for direct property remains robust due to the income yield and growth in distributions driven by long leases with fixed rental growth.”

 

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