Reuters logo
BRIEF-Charter Hall Long Wale Reit announces portfolio acquisition and capital management initiatives
December 23, 2016 / 2:49 AM / a year ago

BRIEF-Charter Hall Long Wale Reit announces portfolio acquisition and capital management initiatives

Dec 23 (Reuters) - Charter Hall Long Wale Reit -

* Portfolio acquisition and capital management initiatives

* Acquisition of a $65.9 million portfolio of 10 industrial properties on a sale and leaseback basis from Suez Recycling & Recovery Pty Limited

* Acquisition increases property portfolio of reit to $1.32 billion

* Acquisition will be 2.5% and 3.1% accretive to fy171 and fy182 earnings respectively

* Acquisition is accretive to earnings, rent review profile and Wale Of Reit

* Has expanded its existing debt platform and increased its overall hedging position

* Increase will be used to fund Suez acquisition ; refinance co’s share of existing look through debt relating to Perth Rdc Property

* National Australia Bank has been introduced to syndicated facility, increasing total debt facility limit by $100 million Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below