(Reuters) - A two-party consortium led by Charter Hall Group <CHC.AX> will buy a Sydney office building, co-owned by Dexus <DXS.AX> and Perron Group, for A$630 million ($429 million), the companies said on Friday.
Dexus said the sale of its 50% in 201 Elizabeth would add A$34 million to its pre-tax trading profit in both the 2020 and 2021 financial years.
Under the deal, Charter Hall will buy 68% of the building, while Abacus Property Group <ABP.AX> will take up the remaining 32% of the property in Sydney's business district.
Charter Hall said in a statement the property is 99.9% occupied.
The deal will be completed in two tranches, but Abacus and Charter will take full control after the first one.
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Simon Cameron-Moore and Stephen Coates)
