Charter Hall Direct Diversified Consumer Staples Fund (DCSF)
Charter Hall Group has launched a new direct property investment, the Charter Hall Direct Diversified Consumer Staples Fund (the Fund), focused on tenants who are the producers and distributors of everyday consumer goods.
According to Charter Hall, the Fund has a headline forecast income yield of 6.89% pa plus the prospect of capital growth, with distributions paid monthly. Further, with the initial portfolio having 2.7% pa average rental increases, the Fund offers investors potential growth in income distribution and asset value.
The Fund’s initial portfolio comprises retail and industrial properties leased to leading Australian companies including Viva Energy, Bunnings and producers and distributors of smallgoods including Hans and Primo, Charter Hall said.
Commenting on the launch, Charter Hall's group executive of global investor relations Richard Stacker said: “Charter Hall Direct Property has a strong track record of creating institutional grade property investment opportunities available to high net worth, SMSF members and trustees and individual investors.”
He added: “We believe the combination of solid yield, a monthly income distribution policy, the resilience of consumer staples entities as tenants, long leases and annual rental uplifts, make the Diversified Consumer Staples Fund an attractive investment option for investors.”