Growthpoint Properties Sells Two QLD Properties to Pay Off Debt

In a move to reduce debt, Growthpoint Properties has sold two of its Queensland assets.

In a move to pay down debt and reduce gearing, Growthpoint Properties has sold two of its Queensland assets, an office tower in Nundah and an industrial asset in Yatala. Growthpoint Properties Australia is a real estate investment trust which was listed on the Australian Securities Exchange in 2007. It has a stapled entity structure with the majority of securites held by Growthpoint Properties Ltd of…