Charter Hall, Morgan Stanley Team up to Create Property Trust
May 23 2016 - 11:42PM
Dow Jones News
By Rebecca Thurlow
SYDNEY--Charter Hall Group (CHC.AU) has teamed up with Morgan
Stanley (MS) to buy a Sydney property for 525 million Australian
dollars (US$379 million).
The Australian property group said its Core Plus Office Fund has
created a new wholesale trust with an investment vehicle sponsored
by Morgan Stanley's real-estate investing arm.
Together they've acquired One Shelley Street, Sydney, a
prime-grade office building adjacent to the south side of
harborside precinct Barangaroo.
-Write to Rebecca Thurlow at rebecca.thurlow@wsj.com
(END) Dow Jones Newswires
May 23, 2016 23:27 ET (03:27 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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