Charter Hall Long (ASX:CLW) extends lease for Coles WA distribution centre

Company News

by Katrina Bullock

Charter Hall Long (ASX:CLW) has extended the lease it granted to Coles Group (ASX:COL) at its Perth Airport distribution centre.

The 81,000 square metre distribution centre was purpose built for Coles in 2008.

It is used as its regional distribution centre for Western Australia.

A lease extension has been agreed which increases the remaining lease term to 15 years, with expiry now set to occur in 2034.

Shares in Charter Hall Long (ASX:CLW) are flat at $5.52.

Katrina Bullock

Finance News Network
Katrina joined FNN in 2018. She holds a Bachelor of Laws (Honours first class), a Bachelor of Business (Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She previously worked as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel for Greenpeace Australia Pacific.