Charter Hall Holdings - JGS Private Capital

Charter Hall Holdings Pty Limited (Charter Hall Holdings) is wholly owned by Charter Hall Limited (ASX: CHC) and proposes to acquire 100% of JGS Private Capital Pty Ltd (JGS Private Capital), which is wholly owned by J.G. Service Pty Limited (the Proposed Acquisition).

JGS Private Capital operates an investment and property management business and serves as trustee of 8 unit trusts, with 7 of the units holding interests in commercial real estate and one being a finance trust (Trusts). CareSuper Pty Ltd (CareSuper) is the sole unitholder of each Trust.

Charter Hall Holdings operates a property investment and management business and serves as trustee of land-holding trusts.

Both Charter Hall Holdings and JGS Private Capital are involved in leasing and/or licensing commercial real estate to existing or prospective tenants to generate rental returns.

CareSuper is JGS Private Capital’s only client, and is also an existing client of Charter Hall Holdings, but JGS Private Capital and Charter Hall Holdings are otherwise unrelated.

There are no vertical relationships between Charter Hall Holdings and JGS Private Capital.

Through the Proposed Acquisition Charter Hall Holdings will acquire the right to manage and control the Trusts and their underlying assets. JGS Private Capital owns no beneficial ownership interest in any Trust or any of the real property assets held by the Trusts, which will continue following completion. Beneficial ownership of the Trusts and their underlying assets will remain with CareSuper following completion of the transaction.