The Charter Hall Group acquires Telstra headquarters in Melbourne

Company News

by Rachael Jones

Charter Hall Group (ASX:CHC) has formed a partnership to acquire 100 per cent of the freehold interest in the Global headquarters of Telstra.

It's at 242 Exhibition Street in Melbourne's CBD for a total consideration of $830 million.

The property will be owned by a wholesale partnership comprising the $5.4 billion Charter Hall Prime Office Fund (CPOF), the Public Sector Pension Investment Board (PSP Investments) and the Group.

The property comprises a premium 47 storey office tower.

Shares in Charter Hall Group (ASX:CHC) trading 0.6 per cent lower at $11.68.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.