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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.