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Long WALE REIT

19/10/2016

[Not for release of distribution within the United States]

Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced that despite receiving significant retail demand for the $1.12 billion initial public offering of Long WALE REIT, the institutional offer of approximately $350 million, conducted on 18 October 2016, did not attract the sufficient quality of support that the Group deemed appropriate to create an orderly market. Charter Hall has elected not to proceed with the IPO of Long WALE REIT as scheduled.

Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced that despite receiving significant retail demand for the $1.12 billion initial public offering of Long WALE REIT, the institutional offer of approximately $350 million, conducted on 18 October 2016, did not attract the sufficient quality of support that the Group deemed appropriate to create an orderly market. Charter Hall has elected not to proceed with the IPO of Long WALE REIT as scheduled.

The Group will consider alternative options for the assets within the proposed Long WALE REIT portfolio.

<View PDF version of ASX Release> 

For further information:

David Harrison 
Managing Director and Group CEO
T: +61 8651 9142
david.harrison@charterhall.com.au

For media enquiries: 

Angus Booth 
Communications Manager
T: +61 8651 9223 
angus.booth@charterhall.com.au

For investor enquiries: 

Richard Stacker
Global Head of Investor Relations
T: +61 8651 9260 
richard.stacker@charterhall.com.au