CLW charter hall long wale reit

News: CLW Australia's Telstra to sell minority stake in new unlisted trust for $474 mln

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    Aug 16 (Reuters) - Australian telco Telstra Corp (TLS) said on Friday it would sell a 49% stake in a newly established property trust to a consortium led by Charter Hall Long Wale REIT (CLW) for A$700 million ($474 million).

    Telstra said the unlisted trust would own 37 of Telstra’s existing exchange properties.

    ($1 = 1.4769 Australian dollars)

 
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