POWERED BY MOMENTUM MEDIA
Charter Hall to increase QLD investment
Charter Hall Group has announced that its unlisted wholesale partnership, Brisbane Square Wholesale Fund, has entered into an exclusive heads of agreement with Q Super to pre-lease Charter Hall’s proposed Brisbane Square Tower 2.
Charter Hall said the tower was a proposed new office building in Brisbane’s CBD’s Norther Quarter Precinct, and would increase the firm’s total investments in Queensland to over $3 billion.
The project is forecast for completion in the second half of 2020 and will accommodate a consolidation of Q Super’s four existing office facilities in Brisbane.
Charter Hall chief executive and managing director, David Harrison, said: “This unique gateway site will provide Q Super with iconic office solution providing their people and members with a great workspace experience”.
“The delivery of what will be a premium addition to the Brisbane CBD skyline will showcase Q Super and a revitalised Brisbane CBD,” he said.
“The project will increase our total investments in Queensland beyond $3 billion.”
Recommended for you
Despite tariff challenges and a weaker US dollar, the investment manager remains optimistic that Asian markets, both big and small, stand to benefit.
The uncertainty surrounding US trade policy is weighing down global growth prospects, KPMG warns.
The US and Europe trade deal represents a significant step forward in resolving trade conflict, but markets have largely priced in the good news already, says the asset manager.
The Australian sharemarket is back to overvalued following the sharp rally since April, but many sectors still offer attractive stocks, according to the research firm.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
