X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The 2021 Gold Alexander Hamilton Award in Liquidity Management goes to ... Charter Hall!

Charter Hall is one of Australia’s leading fully integrated property groups. The company owns and manages a portfolio of nearly 1,400 commercial properties in the core sectors of office space, industrial and logistics facilities, and retail and social infrastructure locations.

Charter Hall is also an active participant in the property finance market through its investments in these commercial properties. The group has undergone a period of significant growth, in which the value of its funds under management has more than tripled in five years. The group treasury is a centralized corporate function that is responsible for debt and financial risk mitigation strategies, and for originating funding solutions across 40-plus funds.

From a liquidity management perspective, each of Charter Hall’s funds has its own balance sheet. Formerly, each fund also had its own statutory trust bank account in every state where it collects rental payments, in accordance with government regulations. “So, for example, if a fund had assets across all seven Australian states, it would have to open bank accounts in each state,” says Michael Thomas, treasury operations manager. “In our legacy environment, each fund also established bank accounts at various operating levels, which multiplied the total number of accounts.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

More from this author

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.