Telstra to Float Chinese Real Estate Website Soufun

TELSTRA will float major Chinese real estate website Soufun.

Telstra, which is not commenting further because it is uncertain where Soufun would be listed, paid $US254 million for a 51 per cent stake in SouFou in August 2006, under the directorship of Sol Trujillo.

It is one of seven Chinese investments for Telstra, which also owns websites for cars, electronics and mobile phone services.

In a statement, Telstra said “Subject to regulatory requirements, further details will be provided as the process proceeds”.

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Charter Hall, Telstra Super Pay $300 Million For Brisbane Square Office

THE Brisbane Square office building has sold for $300 million to a consortium including Charter Hall Group’s wholesale Core Plus Office Fund, and Telstra Super.

The duo purchased the asset from WA super group Westscheme.

Measuring 57,300 square metres, the A-grade office sale is due to settle by mid November.

A Charter Hall statement is copied below:

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