Charter Hall Long WALE REIT will be an Australian Real Estate Investment Trust (REIT) listed on the ASX and will seek to invest in high quality Australasian properties that are predominantly leased to corporate and government tenants on long-term leases.

The REIT will comprise an Initial Portfolio of 66 Properties independently valued at $1,253 million with a weighted average capitalisation rate (WACR) of 6.4%, a weighted average lease expiry (WALE) of 12.5 years and 100% occupancy. The Initial Portfolio will be diversified by geography and real estate sector containing office, industrial and retail properties located in six Australian states.

It is anticipated that CLW will list on the ASX during October 2016.