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Charter Hall's industrial property fund raises A$725M

Charter Hall Group's Charter Hall Prime Industrial Fund raised A$725 million as part of its oversubscribed fundraising, IPE Real Assets reported Oct. 16.

Local and offshore investors have committed to the industrial property fund, giving it the capability to grow its assets to more than A$5 billion.

The fund currently has a A$3.9 billion portfolio comprising 63 assets, the publication reported.