Charter Hall announces $1.25 billion of acquisitions and upgraded Earnings Guidance
Media Release, 12 December 2019 - Charter Hall Group (ASX: CHC) today announces that $1.25 billion of acquisitions have been secured across the Platform including a $840 million investment in a new managed Partnership that has contracted to acquire a 49% interest in a $1.7 billion portfolio comprising 225 Convenience Retail properties leased to BP Australia Pty Limited (BP) with a 20-year WALE triple net lease. Additionally, the Group announces the $398.9 million acquisition of a 32-year WALE triple net leased industrial facility, in a sale and leaseback from Arnott’s, located within the prime Huntingwood precinct of Sydney’s western suburbs.
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