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Charter Hall Long WALE REIT
Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced that following the fully underwritten Institutional and Broker Firm Offers for the Charter Hall Long WALE REIT (Long WALE REIT or the REIT), there has been strong demand totalling $75.7 million from its retail and high net worth clients to participate in the Group Offer and DIF Reinvestment Offer as described in the Supplementary Product Disclosure Statement dated 27 October 2016.
As a result, the Charter Hall Group commitment to be allocated up to $210 million of units in the REIT (being the $ value of equity co-investments rolled into the REIT by the Group) will be reduced to $134.3 million of units in the REIT, representing a 16.24% interest alongside its equity partners.
Long WALE REIT will commence trading on the ASX on a conditional and deferred settlement basis at 12.00pm today, Tuesday 8 November 2016 under the code CLW.
More information on the Charter Hall Long WALE REIT is available on the REIT's website at https://www.charterhall.com.au/lwr.
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T: +61 8651 9260