The portfolio has a WALE of 20 years, with staggered lease expiries from 18 to 22 years and triple-net structure with annual CPI increases. Additionally, the Group announced the A$398.9 million acquisition of a 32-year WALE triple net leased industrial facility, in a sale and leaseback from Arnott's, located within the prime Huntingwood precinct of Sydney's western suburbs. The portfolio will be owned by Charter Hall managed Partnership which composed of 50% by Charter Hall Long WALE REIT, 30% by the Charter Hall Retail REIT and 20% by Charter Hall Group, said in a press release. "We welcome the establishment of these significant tenant customer relationships with BP and Arnott's. Our success in partnering with Global multi-national and Australian-based corporates in sale and leaseback activities continues to benefit our tenant customers while providing opportunities for our diverse range of investors and securityholders.