Aug 16 (Reuters) - Telstra Corporation Ltd TLS.AX :
* REACHES $1 BILLION IN ASSET MONETISATION
* ANNOUNCED ESTABLISHMENT AND PART SALE OF AN UNLISTED PROPERTY TRUST TO OWN 37 OF TELSTRA'S EXISTING EXCHANGE PROPERTIES
* AS PART OF TRANSACTION A CHARTER HALL-LED CONSORTIUM WILL ACQUIRE A 49 PER CENT STAKE IN NEW TRUST FOR $700 MILLION
* TELSTRA EXPECTS TRANSACTION TO BE COMPLETED IN FIRST HALF OF FY20, WITH ESTIMATED PROCEEDS FROM SALE OF APPROXIMATELY $160 MILLION
* TELSTRA WILL RETAIN OWNERSHIP OF A 51 PER CENT CONTROLLING INTEREST IN PROPERTY TRUST AND RETAIN OPERATIONAL CONTROL OF PROPERTIES
* AS PART OF TRANSACTION A CHARTER HALL-LED CONSORTIUM WILL ACQUIRE A 49 PER CENT STAKE IN NEW TRUST FOR $700 MILLION