Charter Hall industrial fund scores top Lonsec rating

Charter Hall's Direct Industrial Fund No.4 (DIF4) scored Lonsec's top rating.

The independent research house rated DIF4 as Highly Recommended, noting its portfolio was 100% occupied by "high-quality tenants" and was well positioned in terms of future rental increases with increases either by CPI or 3% p.a. "which helps provide a natural inflation hedge."

"The Fund seeks to benefit from growing tenant demand for long-term leases of large, well-located and adaptable industrial sites covering a variety of uses including logistics, distribution, storage, manufacturing and food processing," Lonsec said.

"Additionally, all direct properties bar one are leased on a triple-net basis, whereby the tenant is responsible for all outgoings, including maintenance capital expenditure.

"Charter Hall's high-quality management team has a track record of delivering solid returns on direct property trusts" and the fund "has a conservative gearing target of 30% to 45% with a current LVR of 33%."

The fund is open for investment through a minimum investment of $20,000 on a range of platforms, including BT Panorama, Macquarie, Netwealth and HUB24.

Read more: Charter HallLonsecDirect Industrial FundBT PanoramaCPIHighly RecommendedMacquarieNetwealth
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