Caledonia Cashes Out Of Charter Hall Long WALE REIT (Australian Financial Review)
March 16, 2022 – Sydney fund manager Caledonia (Private) Investments has divested its stake in Charter Hall Long WALE REIT in a block trade handled by Morgan Stanley and Ord Minnett.
With $90 million in Charter Hall Long WALE stock changed hands on Tuesday, sources said the bulk of the volume was Caledonia offloading a position it inherited last year.
Caledonia picked up the Charter Hall Long WALE stock when it sold pubs owner ALE Property Group in a cash and scrip deal last year.
Caledonia appears to have done well at Charter Hall Long WALE. The manager invested in the stock at $4.92 and sold at $5.17, and collected the December distribution.
Caledonia’s exit comes less than a month after the David Harrison-led Charter Hall hiked its operating earnings guidance for the 2022 financial year for a third time, as its total funds under managements ballooned to nearly $80 billion.
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