However, Transfield Holdings actively sought to position itself in new businesses. Its first foray was in the property sector, given its experience and capability. In June 2004, Transfield Holdings acquired a half stake in Charter Hall, a company that had achieved a solid track record in property funds management, property investment banking, development and property management. Within one year, CharterHall listed on the ASX, with Transfield retaining a major shareholding.
Page Media:
