A convenience retail property, similar to the ones that will be in the trust's portfolio. (Photo: Charter Hall Group)

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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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.