(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: DXS UPDATE 1-Charter Hall partnership snaps up Sydney high-rise for $429 mln
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Last
$7.33 |
Change
0.030(0.41%) |
Mkt cap ! $7.883B | |||
| Open | High | Low | Value | Volume |
| $7.26 | $7.35 | $7.25 | $14.22M | 1.941M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 7775 | $7.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.36 | 18264 | 3 |
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| DXS (ASX) Chart |