Edition:
India

Telstra To Sell Clayton Data Centre To Centuria Industrial REIT


Wednesday, 5 Aug 2020 

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