News and Announcements
Charter Hall Long WALE REIT
- Published November 08, 2016 5:39PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
8th November 2016, ASX Announcement
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.
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