Telstra reaches $1 billion in asset monetisation

Telstra today announced the establishment and part sale of an unlisted property trust to own 37 of Telstra's existing exchange properties. As part of the transaction a Charter Hall-led consortium will acquire a 49 per cent stake in the new trust for $700 million, reflecting a capitalisation rate of 4.4 per cent and valuing the entire property trust at $1.43 billion. End CA:00339280 For:TLS Type:GENERAL Time:2019-08-16 11:24:16