Charter Hall secures $1.2bn mandate

Charter Hall has secured a $1.2 billion diversified property mandate with an existing institutional client.

"Charter Hall is pleased to be appointed to manage this $1.2 billion diversified direct property mandate," Charter Hall chief executive David Harrison said.

"The mandate continues the momentum in funds under management growth and equity flows announced during FY26 and demonstrates Charter Hall's cross-sector expertise and scale across Australia's core real estate sectors."

While the details of the portfolio are confidential, Charter Hall has several large institutional clients, including super funds.

In December 2024, Hostplus and Charter Hall teamed up to launch a takeover offer for Hotel Property Investments (HPI), and after a hostile bidding process Charter Hall and Hostplus took over HPI in early 2025 for around $760 million.

In June last year Charter Hall received a $2.1 billion mandate from Challenger Life to manage its direct Australian property assets.

The group also has some major security holders including HSBC, J P Morgan, Citi, BNP Paribas, First Sentier, Commonwealth Bank and State Street, according to its annual report to 29 July 2025.

Charter Hall currently has around $92.2 billion in funds under management, 1609 properties across four sectors and $17.9 billion in the development pipeline.

According to a Fund Manager Survey by industry associations ANREV, INREV, and NCREIF last year, Charter Hall was Australia's largest real estate fund manager, followed by Dexus and Lendlease.