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BRIEF-Charter Hall Long Wale REIT To Buy Industrial Asset

Published 17/10/2018, 11:59 am
© Reuters.  BRIEF-Charter Hall Long Wale REIT To Buy Industrial Asset
CLW
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Oct 17 (Reuters) - Charter Hall Long WALE REIT CLW.AX :

* TO ACQUIRE AN INDUSTRIAL ASSET & A 50% INTEREST IN AN A-GRADE OFFICE ASSET FOR A TOTAL CONSIDERATION OF $117.8 MILLION

* CLW IS GUIDING TOWARDS UPPER END OF ITS PREVIOUSLY ANNOUNCED RANGE FOR FY19 OPERATING EPS OF BETWEEN 26.4 - 26.6 CPS

* CHARTER HALL LONG -ALSO UNDERTAKING A NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO ELIGIBLE SECURITYHOLDERS IN AUSTRALIA, NZ TO RAISE UP TO $20 MILLION

* REIT WILL UNDERTAKE FULLY UNDERWRITTEN $60 MILLION INSTITUTIONAL PLACEMENT AT AN ISSUE PRICE OF $4.04 PER SECURITY

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