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BRIEF-Charter Hall expects material total valuation gains of about $870 mln

Published 15/12/2015, 06:47 pm
© Reuters. BRIEF-Charter Hall expects material total valuation gains of about $870 mln
CHC
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Dec 15 (Reuters) - Charter Hall Group CHC.AX :

* Expects material total valuation gains of approximately $870 million across its funds under management platform

* "It is noted that valuation gains will be over and above the operating earnings of each the funds"

* "Revaluations are not expected to impact the upgraded operating earnings guidance provided at the recent AGM"

* These valuation movements are expected to increase group fum at 31 December 2105 beyond $15.7 billion

* Co-investment stakes will benefit from about $90 million uplift or 8% growth on $944 million in property investments held at 30 June

* Source text for Eikon ID:nASX8kVnyL

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