Charter Hall has acquired a series of major office towers in the national capital over the past 18 months, banking on government tenants voting with their feet for better places to work.
a broader shake-out in the office sector as top corporate and government tenants vote with their feet for modern buildings with superior amenity, leaving older buildings behind.
Around one-third of the 3 million square metres of office space – a roughly $30 billion portfolio of office towers – that Charter Hall manages is taken up by government tenants. ASX-listed Charter Hall will partner with its $10 billion flagship wholesale office fund to acquire the Genge Street building. The deal was brokered by CushmanIt is an opportunistic move by Charter Hall, taking on leasing risk in a building with strong amenity, large floor plates and just next to the Canberra Centre shopping mall.
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