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.