Aug 16 (Reuters) - Australian telco Telstra Corp TLS.AX said on Friday it would sell a 49% stake in a newly established property trust to a consortium led by Charter Hall Long Wale REIT CLW.AX for A$700 million ($474 million).
Telstra said the unlisted trust would own 37 of Telstra's existing exchange properties.
($1 = 1.4769 Australian dollars)