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Charter Hall Acquires Major Melbourne CBD Development Site (Charter Hall Group)

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(Source: Charter Hall Group) 18/04/2016 UNDER EMBARGO UNTIL 3PM ON MONDAY 18 APRIL 2016 Charter Hall (the Group) today announced its $2.6 billion wholesale Core Plus Office Fund (CPOF) has acquired the development rights for a 100% leasehold interest in a core Melbourne CBD development site. This follows a decision by the Department of Environment, Land, Water and Planning to approve the Planning Permit Application for the redevelopment of the Wesley Upper Lonsdale site at 130 Lonsdale Street. In January 2015, Leighton Properties was nominated as preferred developer for the restoration and development of the iconic Wesley site and submitted the Planning Permit Application on behalf of the...

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