June 27, 2019 / 3:35 AM / 3 months ago

Australia's Scentre sells Sydney office towers for $1.1 bln

June 27 (Reuters) - Scentre Group Ltd on Thursday said it disposed of its Sydney CBD office towers for A$1.52 billion ($1.06 billion) and announced a share buyback programme worth A$800 million.

The shopping mall owner sold the office towers to certain funds managed by Blackstone Group, the company said in a statement. ($1 = 1.4302 Australian dollars) (Reporting by Rashmi Ashok in Bengaluru, Editing by Sherry Jacob-Phillips)

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