News: CLW Charter Hall Long Wale Reit announces portfolio acquisition and capital management...

Dec 23 (Reuters) - Charter Hall Long Wale Reit (CLW) -

• Portfolio acquisition and capital management initiatives
• Acquisition of a $65.9 million portfolio of 10 industrial properties on a sale and leaseback basis from Suez Recycling & Recovery Pty Limited
• Acquisition increases property portfolio of reit to $1.32 billion
• Acquisition will be 2.5% and 3.1% accretive to fy171 and fy182 earnings respectively
• Acquisition is accretive to earnings, rent review profile and Wale Of Reit
• Has expanded its existing debt platform and increased its overall hedging position
• Increase will be used to fund Suez acquisition ; refinance co's share of existing look through debt relating to Perth Rdc Property
• National Australia Bank has been introduced to syndicated facility, increasing total debt facility limit by $100 million