News and Announcements
Offers for Charter Hall Long WALE REIT Fully Underwritten
- Published October 27, 2016 2:12PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
27th October 2016, ASX Announcement
Charter Hall Group (ASX:CHC) (Charter Hall or the Group) today announced that the Institutional and Broker Firm Offers for the charter Hall Long WALE REIT (Long WALE REIT or the REIT) have been fully underwritten. In addition, binding subscriptions have been received from institutional vendors (including Charter Hall) for thee balance of the IPO.
Long WALE REIT will have a forecast forecast operating earnings yield of 6.3% annualised from the period from Allotment to 30 June 2017 and 6.4% annualised for 1H FY18. At Allotment, the REIT will have 22.9% balance sheet gearing and look through gearing of 35.0%.
A Supplementary Product Disclosure Statement for the REIT is expected to be lodged with the ASX by 28 October 2016.
To view the full announcement, please click on the button below.
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