(Adds comments from Dexus, Abacus, and details on the property)
Aug 9 (Reuters) - A two-party consortium led by Charter Hall Group (CHC) will buy a Sydney office building, co-owned by Dexus (DXS) and Perron Group, for A$630 million ($429 million), the companies said on Friday.
Dexus said the sale of its 50% in 201 Elizabeth would add A$34 million to its pre-tax trading profit in both the 2020 and 2021 financial years.
Under the deal, Charter Hall will buy 68% of the building, while Abacus Property Group (ABP) will take up the remaining 32% of the property in Sydney's business district.
Charter Hall said in a statement the property is 99.9% occupied.
The deal will be completed in two tranches, but Abacus and Charter will take full control after the first one.
($1 = 1.4684 Australian dollars)
News: CHC UPDATE 1-Charter Hall partnership snaps up Sydney high-rise for $429 mln
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Last
$19.72 |
Change
-0.470(2.33%) |
Mkt cap ! $9.327B | |||
| Open | High | Low | Value | Volume |
| $20.17 | $20.17 | $19.62 | $17.48M | 886.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6973 | $19.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.81 | 1133 | 4 |
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| CHC (ASX) Chart |