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Aug 5 (Reuters) - Telstra Corporation Ltd (TLS) : TELSTRA...

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    Aug 5 (Reuters) - Telstra Corporation Ltd (TLS) :

    • TELSTRA ENTERS AGREEMENT TO SELL CLAYTON DATA CENTRE
    • TO SELL ITS DATA CENTRE COMPLEX IN CLAYTON, VICTORIA, TO CENTURIA INDUSTRIAL REIT FOR $416.7 MILLION
    • SALE INCLUDES TRIPLE-NET LEASE-BACK ARRANGEMENT WHICH MEANS CO WILL RETAIN OWNERSHIP OF ALL IT AND TELECOMMUNICATIONS EQUIPMENT
    • TRANSACTION WILL GENERATE $416.7 MILLION IN PROCEEDS
    • TRANSACTION IS EXPECTED TO BE COMPLETED BY END OF AUGUST
    • LEASE IS FOR INITIAL PERIOD OF 30 YRS WITH TWO 10-YEAR OPTIONS FOR TELSTRA TO EXTEND LEASE
 
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