Charter Hall Group has teamed up with Government Investment Corporation (GIC), Singapore’s sovereign wealth fund, to acquire a 49% stake in the Ampol Property Trust.
The trust will own 203 convenience retail properties throughout Australia.
The portfolio will have initial lease terms ranging from 11 through to 22 years.
It will also feature a 19.2 year WALE and 10 year initial option terms, plus multiple 5 year options thereafter.
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