Charter Hall Long WALE REIT has acquired a 25% interest in the asset occupied by Geoscience Australia in Canberra.

The asset sits on a 160,000-square metre site at 101 Jerrabomberra Avenue in Symonston, Australian Capital Territory.

Charter Hall Long WALE REIT is an Australia Securities Exchange (ASX)-listed mixed commercial REIT with a portfolio of 549 assets across the country and New Zealand.

It focuses on assets with relatively more protracted weighted average lease expiry (WALE) profiles.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.