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CHARTER HALL GROUP — Capital/Financing Update 2016
Nov 7, 2016
64645_rns_2016-11-07_45acafa7-0f10-42af-9541-ef9c62090b49.pdf
Capital/Financing Update
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ASX Release
Charter Hall Long WALE REIT
8 November 2016
Charter Hall Limited ACN 113 531 150 Charter Hall Funds Management Limited ABN 31 082 991 786 Level 20, No.1 Martin Place Sydney NSW 2000 GPO Box 2704 Sydney NSW 2001 T +61 2 8651 9000 F +61 2 9221 4655 www.charterhall.com.au
[Not for release or distribution within the United States]
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.
Long WALE REIT will commence trading on the ASX on a conditional and deferred settlement basis at 12.00pm today, Tuesday 8 November 2016 under the code CLW.
More information on the Charter Hall Long WALE REIT is available on the REIT's website at https://www.charterhall.com.au/lwr.
About Charter Hall
Charter Hall Group (ASX:CHC) is one of Australia’s leading fully integrated property groups, with over 25 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients. Charter Hall has over $17.5 billion of funds under management across the office, retail and industrial sectors. The Group has offices in Sydney, Melbourne, Brisbane, Adelaide and Perth.
The Group’s success is underpinned by a highly skilled and motivated team with diverse expertise across property sectors and risk-return profiles. Sustainability is a key element of its business approach and by ensuring its actions are commercially sound and make a difference to its people, customers and the environment, Charter Hall can make a positive impact for its investors, the community and the Group.
For further information, please contact
For further information, please contact For media enquiries, please contact For investor enquiries, please contact David Harrison Angus Booth Richard Stacker Managing Director and Group CEO Communications Manager Global Head of Investor Relations Charter Hall Charter Hall Charter Hall T +61 2 8651 9142 T +61 2 8651 9223 T +61 2 8651 9260 [email protected] [email protected] [email protected]
For investor enquiries, please contact
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