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…
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