Aug 5 (Reuters) - Telstra Corporation Ltd TLS.AX :
* TELSTRA ENTERS AGREEMENT TO SELL CLAYTON DATA CENTRE
* TO SELL ITS DATA CENTRE COMPLEX IN CLAYTON, VICTORIA, TO CENTURIA INDUSTRIAL REIT FOR $416.7 MILLION
* SALE INCLUDES TRIPLE-NET LEASE-BACK ARRANGEMENT WHICH MEANS CO WILL RETAIN OWNERSHIP OF ALL IT AND TELECOMMUNICATIONS EQUIPMENT
* TRANSACTION WILL GENERATE $416.7 MILLION IN PROCEEDS
* TRANSACTION IS EXPECTED TO BE COMPLETED BY END OF AUGUST
* LEASE IS FOR INITIAL PERIOD OF 30 YRS WITH TWO 10-YEAR OPTIONS FOR TELSTRA TO EXTEND LEASE