Nov 25 (Reuters) - Caltex Australia Ltd CTX.AX :
* PROPOSED IPO OF UP TO A 49% INTEREST IN 250 CORE FREEHOLD SITES
* CALTEX TO RETAIN A MAJORITY INTEREST AND ENTER INTO LONG-TERM LEASE AGREEMENTS OVER EACH SITE
* ANTICIPATED THAT PROPERTY TRUST WILL RECEIVE RENTAL PAYMENTS FROM CALTEX OF ABOUT $80 MILLION TO $100 MILLION IN FIRST YEAR