Charter Hall Direct Office Fund

Charter Hall Group has announced that its Direct Office Fund (DOF) is now available to financial advisers through BT Wrap, BT Panorama, Macquarie Wrap, Colonial First State FirstWrap, HUB24, Netwealth and Powerwrap.

DOF, an unlisted property fund, invests in a diversified portfolio of Australian office properties. The portfolio currently comprises 10 fully leased office buildings in Sydney, Melbourne, Brisbane and Perth valued at more than $1 billion.

Head of Charter Hall Direct Steven Bennett said: "Interest in DOF continues from high net worth, self-managed super funds, 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% for high-quality assets with conservative gearing."

He added: "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."

DOF's investment strategy is to acquire core Australian commercial real estate, on long leases with "high quality" covenants.