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CHARTER HALL LONG WALE REIT — Capital/Financing Update 2021
Jul 19, 2021
64662_rns_2021-07-19_32b24aaf-fb40-4e65-9201-f9891585bf69.pdf
Capital/Financing Update
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ASX Release
Leasing Update – Bowen Hills
20 July 2021
Charter Hall WALE Limited ACN 610 772 202 AFSL 486721
Responsible Entity of Charter Hall Long WALE REIT 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
Charter Hall Long WALE REIT (ASX: CLW) announces that it has entered into a lease for Building C, 56 Edmondstone Road, Bowen Hills, Brisbane to FUJIFILM Business Innovation Australia Pty Ltd, a subsidiary of FUJIFILM Business Innovation Asia Pacific Pte Ltd, and a company within the FUJIFILM Holdings Corporation group.
The three buildings at 56 Edmondstone Road totalling 12,427m[2] were formerly occupied by Virgin Australia prior to it entering voluntary administration and vacating in September 2020. Fujifilm will lease the 2,865m[2] Building C, for a term of 8 years, commencing in September 2021. This leasing transaction is expected to have a positive impact on the valuation of this property.
CLW Fund Manager, Avi Anger, stated: “It’s pleasing to be able to announce today’s leasing success at 56 Edmondstone Road, Bowen Hills. It takes place against a backdrop of reduced tenant demand and uncertainty arising from the COVID-19 environment. It reflects the attractive location and amenity available at this property and is the result of a concerted effort by Charter Hall to improve the occupancy and WALE at this property. We remain in discussion with other tenants about leasing up the remainder of the available space at this property and are optimistic about the opportunity for further leasing success in the near term.”
CLW re-affirms its previous FY22 Operating EPS guidance of growth of no less than 4.5% over forecast FY21 Operating EPS of 29.2 cents per security.
CLW will report FY21 Results on Monday 9 August 2021.
Announcement Authorised by the Chair
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Charter Hall Long WALE REIT (ASX: CLW)
Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (REIT) listed on the ASX and investing in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases.
Charter Hall Long WALE REIT is managed by Charter Hall Group (ASX:CHC). With over 30 years’ experience in property investment and funds management, we’re one of Australia’s leading fully integrated property groups. We use our property expertise to access, deploy, manage and invest equity across our core sectors – Office, Industrial & Logistics, Retail and Social Infrastructure.
Operating with prudence, we’ve curated a diverse $52 billion portfolio of 1,400 high quality, long leased properties. With partnership at the heart of our approach, we’re creating places that help grow communities; turning them into the best they can be and unlocking hidden value. Taking a long-term view, our $7 billion development pipeline delivers sustainable, technologically enabled projects for our customers.
The impacts of what we do are far-reaching. From helping businesses succeed by supporting their evolving workplace needs, to providing investors with superior returns for a better retirement, we’re powered by the drive to go further.
For further enquiries, please contact For investor enquiries, please contact For media enquiries, please contact Avi Anger Philip Cheetham Megan Moore Fund Manager Head of Listed Investor Relations Communications and Media Manager Charter Hall Long WALE REIT Charter Hall Charter Hall T +61 2 8651 9111 T +61 403 839 155 T + 61 434 225 643 [email protected] [email protected] [email protected]
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