Charter Hall Direct Industrial Fund

An investment in the Australian industrial property sector provides relatively high yielding and high risk-adjusted returns when compared to other property sectors.

Limited Offer
Investors allotted prior to 30 September 2010* will receive: 

• 2% bonus units; and 
• an additional distribution of 0.5 cents per unit per annum for two years**. 

* The Responsible Entity may close the limited offer if the Initial Offer Amount has been raised. 
** The Responsible Entity will pay a total of 1.0 cent per unit prior to 30 June 2012.

Product Features & Benefits

• Sustainable, stable and growing tax-advantaged income payable quarterly.
• The potential for capital growth by acquiring and actively managing a diversified portfolio of quality Australian industrial properties. 
• Daily unit pricing for transparency. 
  Over the investment term – geographic, asset and tenant diversification to reduce investment risk. 
• Suitable for retail, SMSF and IDPS investors. 
• An incentive for those who invest prior to 30 September 2010 or the allotment of units under the Initial Offer Amount (as set out in the PDS).

The Fund will target industrial assets that:

• have long-dated leases to investment grade tenants;
• are newly completed or subject to construction;
• have fixed rental increases and minimal ongoing capital expenditure requirements; and 
• are located in established industrial property markets.

Some features of industrial properties are:

• demand being driven by the distribution, logistics and manufacturing sectors that benefit from easy access to infrastructure;
• limited availability of prime industrial property investments with the majority of properties being retained by developers; and
• opportunity to benefit from generally long WALEs, with a high proportion of fixed rental escalation mechanisms in leases.

How to apply
Investors should obtain and consider the Product Disclosure Statement ("PDS") for the offer (available as indicated below from 13 July 2010) in deciding whether the investment is appropriate for them and whether to acquire or hold Units in the Fund.
Applications for Units may only be made by completing and returning the Application Form attached to, or accompanying, the PDS. Detailed instructions on how to complete the Application Form are set out in the PDS. The Application Form must be accompanied by the payment of $1.00 per Unit. Payment must be in Australian currency and made by cheque.

To register for a PDS, call Toll free (Aust) on 1800 652 669 or to download a copy of the PDS, click here

To request a hard copy of the PDS, provide us with your details by clicking here.

You must read the PDS in connection with the National Privacy Notification and Financial Services Guide.

Further information
To download a copy of the Charter Hall Direct Industrial Fund brochure, click here
To download the National Privacy Notification, click here
To download a copy of the Financial Services Guide, click here
To download a copy of the Lonsec Report Summary, click here

General Advice Warning
Any advice contained in this document has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice in this document, National Australia Bank Limited recommends that you consider whether it is appropriate for your circumstances. NAB recommends you consider the Product Disclosure Statement or other disclosure document, available from NAB, before making any decisions regarding any product. National Australia Bank Limited ABN 12 004 044 937 AFSL 230686 is the product issuer, unless otherwise specified.

 Important Notice
This document relates to the issue by Charter Hall Direct Property Management Limited (ABN 56 073 623 784, AFSL 226849) (“CHDPML”) of units in the Charter Hall Direct Industrial Fund (ARSN 144 613 641) (the ‘Fund’).  The offer is made by CHDPML in its capacity as responsible entity of the Fund.

Please note that this letter is based on information provided by CHDPML about the offer as at 13 July 2010 and is subject to change. It is important that you consider the full and final details of the offer which will be set out in the Product Disclosure Statement, (“Disclosure Document”) for the Fund, which will be available from National Australia Bank Limited (ABN 12 004 044 937, AFSL 230686) (“NAB”) on 13 July 2010 before making any decision to invest in the Fund.  This letter is not to be distributed to or relied upon any person without the prior consent of NAB.  Please call 1800 652 669 for a copy of the Disclosure Document for the Fund.

The products referred to in this letter are only to be issued or offered to residents of Australia.  The distribution of this letter outside Australia may be restricted by law and any failure to comply with such restrictions may constitute a violation of applicable laws.