In what is expected to be the largest real estate fund raising in Australia this year, Allens has advised Charter Hall on the formation of its new wholesale fund, the Charter Hall Convenience Retail Fund (CCRF).
CCRF will focus on the growing convenience retail sector, reflecting Charter Hall’s continued leadership in identifying and scaling high-performing real estate platforms.
Allens advised on all aspects of the fund’s formation, including tax and real estate aspects.
'This transaction highlights the strength of investor appetite for resilient real estate sectors and the sophistication of fund structures being deployed to meet that demand,' said lead partner Marc Kemp.
'We expect to see continued investor interest in convenience retail moving forward given its resilience and alignment with consumer habits post-COVID.'
'We are thrilled to have supported Charter Hall on bringing this exciting fund to first close.'
Allens legal team
Funds, Super & Financial Services
Marc Kemp (Partner), Virosh Poologasundram (Senior Associate), Amy Dench (Associate), Christian Saunders (Lawyer), Josh Turner (Law Graduate)
Tax
Tom Tian (Partner), Jon Wenham (Senior Associate), George Cramer (Associate)
Real Estate & Development
Annabelle Aland (Partner), Lauren Cutuli (Senior Associate)