Charter Hall Opportunity Fund No. 4, managed by Charter Hall Group entered into an agreement to acquire remaining 50% stake in 275 George Street, Brisbane from Keppel REIT for approximately AUD 280 million.

Charter Hall Opportunity Fund No. 4, managed by Charter Hall Group (ASX:CHC) entered into an agreement to acquire remaining 50% stake in 275 George Street, Brisbane from Keppel REIT (SGX:K71U) for approximately AUD 280 million on June 30, 2021. The transaction is expected in 3Q 2021.

The entire amount of the adjusted consideration will be used to repay debt and related transaction cost. Seb Turnbull and Paul Noonan of JLL acted as brokers.