Charter Hall Direct PFA Fund (PFA)

Below you will find key management profiles for the Charter Hall PFA Fund (Fund)

Adrian Harrington

Independent Chair of the Responsible Entity

Adrian has 33 years of experience in funds management, real estate, government and the not-for-profit sectors.

Adrian is a Non-Executive Director of the ACT Government’s Suburban Land Agency and a member of the University of Canberra’s Development and Planning Committee. He is also a Senior Advisor to Lighthouse Infrastructure, advising on their affordable housing investment strategy and execution, Chair of the Investment Committee of Inclusive Housing Australia and Cura Ability Developments, a specialist disability housing provider, and the NSW Chair of Housing All Australians, a for purpose organisation creating business-led actions to deliver housing solutions for Australians in need. Adrian is also Chair of the Property Council’s Innovation and Excellence Awards judging panel and an judge of PowerHousing’s Community Housing Awards.

Adrian is the former Chair of the Australian Government’s Housing Australia (formerly known as the National Housing Finance and Investment Corporation) and former Chair of the Australian Housing and Urban Research Institute. He has overseen real estate funds in Australia, the UK and the US, and has held senior roles at Charter Hall, Folkestone, Mirvac, James Fielding Group, Deutsche Asset Management, and the Property Council of Australia.

Adrian is an Honorary Life Member of the NSW Division of the Property Council of Australia. 

Claire Keating

Independent Director of the Responsible Entity

Claire is a professional Non-Executive Director and independent consultant. Her current directorships include AustralianSuper and the Judicial Commission of Victoria and she is a Member of the External Compliance Committee of Franklin Templeton Australia.

Claire has over 30 years in financial services, internal and external audit and consulting to Australia’s largest fund managers and superannuation funds.

She was a partner of PricewaterhouseCoopers (PwC) from 2002 to 2016 where she held a number of management roles within PwC, including leading PwC’s Financial Services Assurance Practice in Melbourne and was National Leader of the PwC Investment Management Assurance sector.

Claire is a member of Chartered Accountants Australia and New Zealand, a graduate of the Australian Institute of Company Directors, a former Registered Company Auditor and member of the Australian Institute of Superannuation Trustees.

Bevan Towning

Independent Director of the Responsible Entity

Bevan has 40 years’ experience in real estate funds management across Asia Pacific and Europe – most recently at AustralianSuper, where he was Global Head of Real Estate.

Before joining AustralianSuper, Bevan was Head of Funds at Cromwell Property Group based in their London office. Prior to these roles, Bevan held various leadership and senior management positions in real estate management, development and construction, and capital placement in leading Australian real estate businesses.

Bevan is an Independent Director of Charter Hall Social Infrastructure Limited, a member of the Australian Property Institute and National Chair of the Property Industry Foundation.

 

David Harrison

Executive Director of the Responsible Entity
B.Bus (Land Economy); FAPI; Grad.Dip (Applied Finance & Investment)

With a specific focus on strategy, David has been responsible for all aspects of the Charter Hall business since 2004. Recognised as a multi sector market leader, David has over 38 years’ global property market experience and has led transactions exceeding $100 billion of commercial, retail and industrial property assets.

Under his stewardship, the Charter Hall Group portfolio has grown from $500 million to $80.9 billion of assets under management.

David is a Fellow of the Australian Property Institute (FAPI), Past President of the Property Council of Australia, current Property Champions of Change member, and former Board Member for NSW Rugby Union.

David’s vision for Charter Hall is to ensure we always deliver on our promise of putting people at the heart of all we do and that our team members are given opportunities to excel in their service to customers. As a customer centric business with an embedded DNA focused on being a fiduciary of other peoples’ money, David has led Charter Hall to become the largest property owner in Australia and the largest manager of external equity invested in the domestic property sector.

Steve Bennett

Executive Director of the Responsible Entity
BBus (Finance and Economics), CA, GAICD

With over 24 years of experience in funds management, banking, property, accounting and consultancy, Steve is the CEO of the Direct property division at Charter Hall. He has responsibility for approximately $9 billion of assets under management, across the office, retail, industrial & logistics, social infrastructure and listed property sectors. In his role, he oversees all aspects of investment management, from sourcing and structuring property transactions, launching and managing property funds, to raising capital and engaging with stakeholders.

Steve is a GAICD and Chartered Accountant and combines his property expertise with a strong background in finance and governance to create value and outperformance for investors. Passionate about promoting and advancing the property industry, he has served as the President of the Property Funds Association and is the current Vice President of the PCA NSW Division. Before joining Charter Hall, Steve worked for Macquarie Group in both their Sydney and London offices.

 

Julian Menegazzo

Fund Manager of the Fund
BComm, GDipAppFin

Julian is fund manager for the Fund. He is also fund manager for the Charter Hall Direct business which has approximately $9 billion of assets under management. He has experience spanning all the core real estate sectors of office, industrial & logistics, retail and social infrastructure.

Julian is responsible for growing the institutional quality of investments and for the execution of strategy, portfolio construction, capital management, asset management, corporate transaction assessment and investment performance.

He has over 17 years’ experience in funds management and transactions across a number of property sectors. Julian is a member of the Property Funds Association Executive Committee and before joining Charter Hall Group, Julian was overseeing approximately $10 billion in separate account mandates for a large domestic real estate manager.

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Charter Hall Enquires

For enquiries regarding the management of a fund, including performance, strategic direction, property portfolio and new investment opportunities.

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Enquiries

Registry Enquires

For information about your holding, including tax statements, distributions and changing contact or bank details.

Important Information

The responsible entity of and issuer of units in the Charter Hall Direct PFA Fund (ARSN 097 860 690), (“Fund”) is Charter Hall Direct Property Management Limited (“CHDPML”) (ABN 56 073 623 784 AFSL 226849). CHDPML as responsible entity for the Fund has issued a product disclosure statement (“PDS”) dated 18 December 2024 and any supplementary PDS, which sets out the offer to apply for units in the Fund, and has made a target market determination (“TMD”) for the Fund (both of which are available at www.charterhall.com.au). This website is not intended to be and does not constitute a PDS or disclosure document as those terms are defined in the Corporations Act 2001 (Cth). It does not constitute an offer for the issue, sale or purchase of any securities or any recommendation in relation to investing in any Fund and reliance should not be placed on this website as the basis for making an investment decision. The information in this website is general in nature and has been prepared without taking account of any particular investor's objectives, financial situation or needs. While every care has been taken in the preparation of this website, CHDPML does not make any representation or warranty as to the reliability, accuracy or completeness of any statement in it, including without limitation any forecasts or opinions, and persons viewing this website should conduct their own inquiries and investigations. Performance information, opinions and estimates provided in this website are based on assumptions, contingencies and market conditions which are subject to change without notice, and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct, and should not be relied upon as an indication of future performance. Past performance is not a reliable indicator of future performance. Distributions are subject to risks outlined in the PDS and may vary in the future. The information in this website is subject to change, and updated information about the Fund can be found at www.charterhall.com.au/direct. To the maximum extent permitted by law CHDPML disclaims all liability for any loss or damage which may arise out of the provision to or by any person of the information contained in this website. All figures stated in this website are in Australian dollars unless otherwise stated. Each Fund has a unique set of characteristics suitable to different types of investors. If you are considering an investment in any Fund (or making a decision about continuing to hold units in any Fund) you should read the PDS, and any supplementary PDS, in its entirety and consider the information set out in the PDS in relation to the offer. The PDS sets out the benefits and features of the Fund and the risks of, and fees and costs associated with, investing in the Fund. You should also consider the TMD. You can request a copy of the PDS and the TMD, free of charge, by calling CHDPML on 1300 652 790, by visiting www.charterhall.com.au or by contacting your financial adviser. Applications for units in any Fund can only be made under the application form enclosed with the relevant PDS. As this website has been prepared without taking account of any particular investor's objectives, financial situation or needs, it is important that you consider the PDS for the offer and seek appropriate professional advice having regard to your objectives, financial situation and needs before making any investment decision in relation to the offer or the Fund. CHDPML does not receive fees in respect of the general financial product advice it provides, however it will receive fees for operating the Fund, in accordance with the Fund’s constitution. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to, the Fund which are generally based on the value of the Fund’s assets. For more detail on fees, see the PDS. Any investment is subject to risk, including possible delays in payment and loss of income and monies invested. You should read the PDS for a description of the risks associated with investing in the Fund. You should read the TMD for a description of the target market of the Fund. Neither CHDPML nor any of its associates, related entities or directors guarantee the performance of any investment or the repayment of monies invested. If this website states that any Fund has been rated or has received a rating, you should be aware that ratings are only one factor to be taken into account when deciding whether to invest in the Fund. © Charter Hall Group.