Charter Hall Long Wale REIT
(ASX:CLW) has kicked off its retail entitlement offer, which it hopes will raise about $44 million.
Under the offer, eligible shareholders can purchase 1 new security for every 8.1 securities they hold.
It comes after the business successfully raised $81 million via its Institutional Entitlement Offer.
Proceeds from the equity raising will be used to partially fund the acquisition of a portfolio of 27 agri-logistics properties for a total of $207 million.
The properties will be 100 per cent leased to a subsidiary of Inghams Group, and, include hatcheries, feedmills and breeder farms.
Shares in Charter Hall Long Wale REIT
(ASX:CLW) are 1.18 per cent higher to $4.30.
