Important information
* The target return is a target only. It is not a forecast and might not be achieved.
Wholesale Investors Only
Charter Hall Telco Exchange Fund No.2 (TEF2)
Charter Hall is offering a limited opportunity to invest in Charter Hall Telco Exchange Fund No.2 (TEF2), providing access to a portfolio of critical telecommunications infrastructure assets across Australia.
Min. Investment
$100,000
Objective
Growth and Income
Structure
Managed Fund
Category
Property
Liquidity
Illiquid
Closing Date
Subject to Trustee Discretion
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Min. Investment
$100,000
Objective
Growth and Income
Structure
Managed Fund
Category
Property
Liquidity
Illiquid
Closing Date
Subject to Trustee Discretion
Funding Stage
Unlisted Early-Stage Fund
Security Type
Unit in a trust
Target Capital
N/A
Availability
Open for investment
Investment Highlights
Target return +14% p.a. (5-year)*
Offers long-dated, inflation-protected income (CPI-linked rental growth)
Strong potential for capital growth
Exposure to critical Australian telecommunications infrastructure: 36 Telstra exchange assets, fully leased to Telstra Corporation Ltd (ASX 20)
|
TARGET RETURN (5-YEAR) 2 |
+14% p.a. |
CPI-LINKED ANNUAL RENT REVIEWS (UNCAPPED) |
CPI +0.5% |
|
TARGET QUARTERLY DISTRIBUTIONS (5-YEAR AVERAGE) |
+5% p.a. |
OCCUPANCY |
100% |
|
GEOGRAPHIC DIVERSIFICATION OF PROPERTIES BY VALUE |
+80% weighting to Eastern seaboard markets |
WALE |
14.7 years |
The Fund is a fixed-term unlisted property fund. An investment in the Fund is illiquid.
Important information
1. All metrics are as at 31 December 2025.
2. The target return is a target only. It is not a forecast and might not be achieved.
TEF2 provides wholesale investors with exposure to a portfolio of assets that underpin Australia’s digital economy and essential services, with a continued focus on critical telecommunications infrastructure. Typically located in CBD and metropolitan areas, these assets benefit from strategic positioning, strong underlying land value, and uncapped CPI+0.5% annual rent reviews. TEF2 provides long dated, inflation protected income through a fixed term, unlisted property fund investing in 36 telecommunications exchange assets. The portfolio is fully leased to Telstra Corporation Limited (ASX 20).
To receive the Information Memorandum please complete the form on the right (if viewing on desktop) or the form below (if viewing on mobile).
* Triple-net leases meaning the tenant is responsible for the outgoings and capital expenditure in addition to the rent payable.
Telecommunications exchanges are critical infrastructure that sit at the core of Australia’s digital network. All data across mobile, fibre and broadband flows through these secure, centralised hubs, making them critical to everyday connectivity rather than legacy assets.
A significant portion of the portfolio is used as NBN Points of Interconnectivity (POIs). These are mandatory locations required to deliver broadband services nationwide. With only 121 POIs across Australia, this reinforces the strategic, difficult to replace nature of the assets.
Demand for exchanges is structural, driven by population growth, increasing data usage, cloud computing and mobile connectivity. These long term drivers persist across economic cycles, underpinning essential use, long term income supported by long dated lease structures.
View the TEF2 property portfolio
To receive the Information Memorandum please complete the form on the right (if viewing on desktop) or the form below (if viewing on mobile).
The information on this website in relation to TEF2 has been prepared by Charter Hall Direct Property Management Limited ABN 56 073 623 784 AFSL 226849 (CHDPML) as the issuer of units in the Charter Hall Telco Exchange Fund No.2 (Fund). The Information Memorandum (IM) for the Fund is available at www.charterhall.com.au/tef2. An investment is subject to risks which are summarised in the IM (Offer Document). You should consider the Offer Document and any supplementary Offer Document in deciding whether to acquire or continue to hold the product. The information on this website is not an offer of units in the Fund or an offer to buy or sell any financial product and should not be relied on in making an investment decision. The information is general in nature and does not take into account your investment objectives, particular needs or financial situation. You should seek independent financial advice. Applications to invest can only be made using the application form relevant to the product. You can obtain a copy of the Offer Document and application form from www.charterhall.com.au or by calling 1300 652 790. You can only apply to invest in the Fund if you are a wholesale client (within the meaning of that term under the Corporations Act 2001 (Cth)). Whilst all care has been taken in preparation of this website CHDPML does not give any representation or warranty as to the reliability, completeness or accuracy of the information contained in the information on this website. CHDPML does not accept liability for any inaccurate, incomplete or omitted information of any kind or any losses caused by using this information. Past performance is not a reliable indicator of future performance. The distribution yield is calculated at a point in time and will fluctuate when the distribution amount or unit price changes. Distributions for future periods may vary. Distribution yields are subject to risks outlined in the relevant Offer Document. Current unit prices and distribution yields are available at www.charterhall.com.au. Any forward-looking statement in this document is predictive in character and may be affected by inaccurate assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. All figures on this website are as at 31 December 2025 and in Australian dollars unless otherwise stated. © Charter Hall Group.
Charter Hall is Australia’s leading fully integrated diversified property investment and funds management group. We use our expertise to access, deploy, manage and invest equity to create value and generate superior returns for our investor customers. We’ve curated a diverse portfolio of high-quality properties across our core sectors – Office, Industrial & Logistics, Retail and Social Infrastructure. With partnerships and financial discipline at the heart of our approach, we create and invest in places that support our customers, people and communities to grow.
The strength of our strategy, the depth of our partnerships and drive of our people has underpinned our ability to outperform over the long-term. And we continue to have a relentless focus on outperformance for our fund investors.
Charter Hall Direct, part of Charter Hall Group, is one of Australia’s leading direct property fund managers for SMSFs, high net worth individuals and retail investors. We have a strong track record of managing unlisted property funds through all market cycles, since 1995.
View our additional listings on Investment Markets:
- Charter Hall Direct Industrial Fund No.4 (DIF4)
- Charter Hall Direct Long WALE Fund (LWF)
- Charter Hall Direct Office Fund (DOF)
- Charter Hall Direct Convenience Retail Fund (DCRF): For wholesale investors only^^
^^ You can only apply to invest in a Wholesale Fund if you are a wholesale client (within the meaning of that term under the Corporations Act 2001 (Cth)).
To receive the Information memorandum please complete the form on the right (if viewing on desktop) or the form below (if viewing on mobile).
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This offer of scheme interests is available to wholesale clients only. This product listing was vetted by and approved by the product issuer identified above before publishing. Investment Markets (Aust) Pty Ltd AFSL 527875 (IM) is not the issuer of the product.
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