Citi upbeat on Australia's Charter Hall after $853 million property partnership

Tokyo Tatemono

17/09/2026 20:52

** Citi says Charter Hall Group's CHC.AX new partnership with Tokyo Tatemono 8804.T and UBS Asset Management highlights strong demand for Australian real estate
** Property investment firm on Wednesday disclosed details of the A$1.2 billion ($853.08 million) partnership to develop a portfolio of assets across Australia's east coast
** Brokerage says agreement supports further FUM growth and fee income opportunities for co
** Adds Citi sees CHC to remain a beneficiary of institutional capital inflow into Australia despite tight conditions
** Brokerage rates stock "buy", price target at A$22
** Six of 10 analysts rate the stock "buy" or higher, three "hold" and one "sell"; their median PT is A$22.80 - LSEG data 
** CHC down 25.2% YTD, as of last close 

($1 = 1.4067 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))