CHC Charter Hall Group

   By Rebecca Thurlow 
 

SYDNEY--Charter Hall Group (CHC.AU) has teamed up with Morgan Stanley (MS) to buy a Sydney property for 525 million Australian dollars (US$379 million).

The Australian property group said its Core Plus Office Fund has created a new wholesale trust with an investment vehicle sponsored by Morgan Stanley's real-estate investing arm.

Together they've acquired One Shelley Street, Sydney, a prime-grade office building adjacent to the south side of harborside precinct Barangaroo.

-Write to Rebecca Thurlow at rebecca.thurlow@wsj.com

(END) Dow Jones Newswires

May 23, 2016 23:27 ET (03:27 GMT)

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