Open for Investment

+14% p.a. target return* (5 year)

Charter Hall Telco Exchange Fund No.2 (TEF2)

+14% p.a. target return* (5 year)

Charter Hall Telco Exchange Fund No.2 (TEF2)

+14% p.a. target return* (5 year)

Charter Hall Telco Exchange Fund No.2 (TEF2)

Wholesale Investors only 

+14% p.a. target return* (5 year)

Access a rare portfolio with uncapped annual rent reviews of CPI + 0.5%

Building on the success of Charter Hall Telco Exchange Fund (TEF), 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.

Invest now

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TEF2

Fund overview

Defensive income and long‑dated growth from critical telecommunications infrastructure.

APIR Code: MAQ3816AU

Charter Hall Telco Exchange Fund No.2 (TEF2) is a 5‑year fixed‑term, unlisted property fund investing in a diversified portfolio of Australian telecommunications exchange assets, leased to Telstra, that are rarely available to Wholesale investors.

TEF2 provides exposure to critical telecommunications infrastructure underpinned by long‑dated, triple‑net leases with uncapped annual CPI‑linked rent reviews of CPI + 0.5%, offering income durability in an environment of economic uncertainty.

The portfolio comprises 36 properties, 100% leased to Telstra, an S&P/ASX 20 listed company and benefits from a weighted average lease expiry (WALE) of 14.7 years, supporting regular income.

TEF2 targets an attractive quarterly income stream and total returns through exposure to critical telecommunications infrastructure with resilient demand fundamentals and inflation‑linked cash flows.

Request the Information Memorandum


 

Open for investment

Target return (5 year)*
+14% p.a.

Target return (5 year)*

WALE
14.7 years

WALE

Occupancy
100%

Occupancy

Why telecommunications exchange assets?

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.

Investing in assets that play a critical role in keeping Australians connected every day.

Important information

Offer opening date

22 April 2026

First allotment date

21 May 2026
Subsequent allotment dates will occur daily during the Allotment Period.

First distribution period

 

The Responsible Entity intends to pay the first income distribution in mid-August 2026 in relation to the period from the first Allotment Date to 30 June 2026.

Minimum Application Amount

$100,000
The Responsible Entity may waive the minimum Application Amount requirements in its discretion.

Issue Price

Wholesale Units will be issued at $1.00 per Unit plus accrued income during the Allotment Period.1 Refer to Information Memorandum for more information.

1. If the Allotment Period extends beyond 30 June 2026, the Issue Price will reflect any movements in the underlying net asset value of CHEWT. 

All dates are subject to change and are at the discretion of the Responsible Entity. In addition, the Responsible Entity may increase or decrease the Total Offer Amount in its discretion, in which case there will be a commensurate increase or decrease in the Fund’s holding in CHEWT.

Request the Information Memorandum

 

Looking to invest? Here’s how

ICONS - TENNANT BENEFIT 1

Read

Read the Information Memorandum in full.

 

ICONS - TENNANT BENEFIT 2

Consider

Consider the offer, paying particular attention to the risks set out in the Information Memorandum.

ICONS - TENNANT BENEFIT 3

Consult

Consult your financial adviser, stockbroker and other professional adviser.

ICONS - TENNANT BENEFIT 4

Access

Access our online applications or complete the paper copy accompanying the Information Memorandum.

Apply Online Now

Financial Advisers, Wealth Groups and Family Offices

Scott McLennan

Scott McLennan

Head of Distribution

Melissa Ridley

Melissa Ridley

National Strategic Account Manager

Marco Triani

Marco Triani

State Distribution Manager (NSW/Qld)

Craig Harding

Craig Harding

Senior Business Development Manager (Vic/SA/WA/Tas)

Lachlan Ryan

Lachlan Ryan

Business Development Manager (Vic/SA/WA)

Sandhya Reddy

Sandhya Reddy

Account Manager

High-Net-Worth and Direct Investors

Oliver Gordon

Oliver Gordon

Investor Communications Executive

Sarah Bohill

Sarah Bohill

Investor Communications Executive

Charter Hall

Charter Hall

Enquiries

Important Information

*The target return is a target only. It is not a forecast and might not be achieved.

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.