Charter Hall Long WALE REIT (ASX: CLW) is an Australian real estate investment trust that owns a diversified portfolio of properties predominantly leased to corporate tenants on long-term agreements with weighted average lease expiry (WALE) periods exceeding 10 years. The REIT's core assets include large-format retail centers, office buildings, warehouses, and logistics facilities; key properties encompass brands such as Bunnings Warehouse, Harvey Norman, and Officeworks stores, alongside government-leased offices and industrial distribution centers. It operates primarily across Australia, with properties situated in major metropolitan areas including Sydney, Melbourne, Brisbane, and Perth.
Founded in 2014 and headquartered in Sydney, Australia, Charter Hall Long WALE REIT targets institutional and retail investors seeking stable income from high-quality, essential-service properties with resilient tenant covenants and inflation-linked rental escalations. The portfolio emphasizes necessity-based retail (approximately 60%), office (25%), and long WALE industrial assets (15%), serving corporate tenants including government entities, major retailers, and logistics operators.
In recent developments, the REIT completed the acquisition of an additional portfolio of Bunnings Warehouse properties in 2024, expanding its dominant exposure to this high-performing tenant; it also formed a strategic co-investment partnership with Charter Hall's private funds to pursue selective asset acquisitions. Furthermore, CLW announced a new debt refinancing facility in late 2024 at competitive rates, supporting ongoing portfolio optimization, and reported record distribution growth amid strong operational performance in FY25.