Charter Hall Long Wale REIT Announced Acquisitions, Capital Raising & Distribution

December 12, 2019 01:37 PM AEDT | By Team Kalkine Media

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Charter Hall Long Wale REIT (ASX: CLW) has entered into an agreement to acquire interest in properties leased to BP Australia Pty Ltd and Arnottâs Biscuits Pty Ltd for a property value of $619 million.

CLW will undertake a fully underwritten $350 million equity raising.
Independent valuations of 92 properties has resulted in a $83.5 million valuation uplift.
It has upgraded FY20 operating EPS guidance of 28.3 cents per security, subject to market disruptions.
CLW has announced unfranked distribution of $0.07 per security to the shareholders in records on 31 December 2019.

Securities of CLW were placed on a trading halt, CLW last traded at $5.68 on 11 December 2019.

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