trending Market Intelligence /marketintelligence/en/news-insights/trending/4gpxhljdqjtswx99-mi4iw2 content esgSubNav
In This List

Charter Hall Long WALE, buyer sign contracts for 50% stake in Australian tower

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Charter Hall Long WALE, buyer sign contracts for 50% stake in Australian tower

Charter Hall Long WALE REIT and a sub-trust of Charter Hall Direct Office Fund exchanged contracts for a half stake in the ATO Adelaide building in Adelaide, Australia, which the former will sell to the latter for A$135 million.

Charter Hall Direct Office exercised its call option for DOF Franklin Street Trust to pick up the 50% interest in the property, located at 12-26 Franklin St. in the city, according to a release.

Shareholders of the real estate investment trust approved the stake sale at an Aug. 6 general meeting.

The grade A asset comprises 17 office levels and 114 parking spaces, spanning 37,316 square meters of net lettable area. ATO's 15-year lease will run until 2027, with two additional five-year extensions.