Charter Hall completed the acquisition of a 49% stake in portfolio of 51 Long WALE from Ampol-backed Z Energy, a New Zealand fuel distributor, for $83m. “We continue to actively curate the CQR portfolio to drive earnings growth for investors. CQR’s investment in the CDC has been highly successful. We’re now looking to take advantage of strength in the demand for industrial and logistics assets and to recycle these proceeds into an attractive NNN portfolio of Long WALE convenience assets with CPI exposure. Following the settlement of these transactions, 37% of major tenant rent reviews are CPI based and 33% NNN leases. These two transactions have both been secured off-market and are a result of Charter Hall’s strong tenant and investor partnerships,” Ben Ellis, CEO Charter Hall Retail.