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Long WALE REIT
[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.
The Group will consider alternative options for the assets within the proposed Long WALE REIT portfolio.
For further information:
For media enquiries:
|For investor enquiries:
Global Head of Investor Relations
T: +61 8651 9260