July 11, 2019 / 11:35 PM / in 7 days

Australia's Charter Hall buys Telstra HQ building for $579 million

(Reuters) - Australian landlord Charter Hall Group (CHC.AX) said on Friday it has formed a partnership to buy Telstra Corp’s (TLS.AX) global headquarters in Melbourne for A$830 million ($578.84 million).

The partnership also comprises the Charter Hall Prime Office Fund and the Public Sector Pension Investment Board, Charter Hall said in a statement.

The 47-storey office tower is leased to Telstra, the lease expiring in the 2032 financial year.

Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Paul Tait

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below