Business
GPT exits Sydney landmark in $584.6m deal – The Australian Financial Review
The ASX-listed fund manager has sold a 25 per cent stake on a sharp yield, setting a benchmark for blue-chip office towers in a market still finding its feet as…
“The proceeds from the sale will be reinvested into new opportunities including logistics acquisitions and the groups development pipeline, which we believe will generate superior long term returns for investors,” Mr Johnston said on Tuesday.
GPT has been moving quickly on the industrial front, striking deals last week for three logistics properties and adjoining development land in the Drystone Industrial Estate at Truganina in Melbourne’s west for of $127.6 million in total. It has also launched…
-
Noosa News22 hours agoThis 42-Kilometre Walking Trail on the NSW North Coast Weaves Through Ancient Rainforest, Volcanic Mountains and Spectacular Waterfalls
-
Noosa News24 hours agoGabby Petito died after experiencing domestic violence. Young Aussies are identifying with her story
-
Noosa News21 hours agoQueensland cop cleared by court of stealing watches during anti-gang raid
-
Noosa News22 hours agoAnother power station confirmed offline as political fallout continues amid cultural issues