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Sign in Sign up for a FREE subscriptionCharter Hall reveals A$700m partnership with Telstra
Australian real estate and private investment firm Charter Hall Group has formed a A$700 million ($474.4 million) partnership that will manage 37 Telco Exchange properties leased to Telstra Corp.
The Charter Hall–managed partnership will be owned 50 percent by Charter Hall Long WALE REIT, 28.2 percent by a wholesale capital partner and 21.8 percent by Charter Hall Group.
Charter Hall’s equity commitment for its 21.8 percent interest is approximately $76 million, which will be funded by available investment capacity.
