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New tenants for Charter Hall

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By Vishal Teckchandani
  •  
1 minute read

The Charter Hall Direct Property Fund has reported a rise in occupancy after it secured two tenants for its commercial office building at 68 Pitt Street in Sydney's central business district.

Occupancy across the fund's portfolio rose to 95 per cent in the first quarter, after Citibank signed a 10-year lease and Pacific Smiles Group leased 15 years of retail space for a nib Dental & Eye Care Centre at the property.

The recently reopened product was also rated recommended by Lonsec, after the research house said the fund had improved as a result of progressive capital expenditure upgrades to the property portfolio, which was attracting better tenants and lifting rents.