Charter Hall Long Wale REIT looking to raise $180m

Company News

by Rachael Jones

Charter Hall Long Wale REIT (ASX:CLW) is looking to raise $180 million and has hired JPMorgan and UBS to oversee an institutional placement.

The REIT has entered into agreements to acquire two office properties and has recently announced the acquisition of a 50 per cent interest in a long leased prime industrial property for a total consideration of $206 million.

The shares are on offer at a fixed price of $4.74 each.

Shares in Charter Hall Long Wale REIT (ASX:CLW) last traded at $4.93.