GPT, QuadReal form another partnership
Three years after establishing a mandate for industrial investments, GPT and Canada’s QuadReal have formed another, for student accommodation. The
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Bob Johnston to quit GPT
The GPT Group chief executive officer and managing director, Bob Johnston (pictured, top), will retire by the end of the
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GPT banks $256.2m from Sydney, Melbourne investments
The GPT Group has sold two similarly priced east coast investments with imminent vacancy to NashCap. In Port Melbourne, the
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GPT swoops on North Sydney offices
The GPT Wholesale Office Fund (GWOF) is speculated to be outlaying c$185 million for neighbouring North Sydney offices, with development
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GPT commits logistics group to Truganina
The GPT Group has secured Glen Cameron Group to a major industrial property at its Gateway Logistics Hub, in Truganina.
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GPT divests Wollongong Central after 25 years
Haben intends to seed a fund with a Wollongong shopping centre and office it is picking up for $402 million.
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GPT acquiring Ascot industrial, office portfolio
The GPT Group is paying Ascot Capital $681.7 million for a portfolio of 24 investments. Containing a total lettable area
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GPT, QuadReal snap up two more east coast projects
A joint venture comprising GPT and Vancouver-based QuadReal has acquired two east coast investments. In Melbourne, the partnership, GPT QuadReal
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GPT sells Woolworths-anchored Stapylton distribution centre for $65.52m
The GPT Group has sold a multi-tenanted Stapylton industrial investment to APN Industria REIT for $65.52 million, reflecting a 5.67
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GPT pays Charter Hall $127.6m for Truganina industrial investments, land
Charter Hall has sold part of its Drystone Industrial Estate in Melbourne’s west Truganina to The GPT Group for $120
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GPT sells Lendlease quarter of 1 Farrer Place for $584.6m
The GPT Group has sold its quarter interest in a multi-building Sydney CBD office investment to a co-owner, the Lendlease
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GPT outlays $34m on Truganina industrial site, seeks pre-commitments
GPT Group has paid $34 million for a farm in Melbourne’s west, with plans for a state-of-the-art industrial estate. The
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GPT shoos, shuffles, to connect CSE Crosscom to Port Melbourne’s Citiport
Some more leasing success for The GPT Group – this time at its high-tech Citiport Business Park in Port Melbourne.
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GPT Group secures Gliders Transport and Logistics at Stapylton
Gliders Transport and Logistics has rented part of a high-bay warehouse facility in the Yatala Enterprise Area – the largest
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GPT Group snares Godfrey Hirst, Petstock for Truganina logistics centre
GPT Group has struck two major industrial lease deals for its Gateway Logistics Hub in Melbourne’s west Truganina. In the
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GPT Group spends $192.7 million on four Australian east coast industrial properties
GPT Group has spent $192.7 million on four Australian east coast industrial properties – three of them development sites. The
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Chef’s Hat signs major lease deal at GPT Group’s Citiport Business Park
The GPT Group’s Citiport Business Park, in Port Melbourne, is fully leased following a major commitment by Chef’s Hat. The
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GPT Group spends $212 million on five Sydney industrial investments
GPT Group has spent $212 million on five Sydney industrial investments. On Tuesday, Colliers and JLL confirmed GPT outlaid $105
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GPT Group confirms plans to build 12-storey timber office at Melbourne Central
GPT Group today confirmed it will build a premium-grade commercial tower atop Melbourne Central. The 12-level complex, named Frame (artist’s
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GPT lists $150 million Norton Plaza, in Leichhardt
GPT Wholesale Shopping Centre Fund is selling the Norton Plaza, in Leichhardt, about six kilometres west of the Sydney CBD.
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GPT Wholesale Office Fund seizes full control of Southbank office following $342 million bid
Frasers Property Australia has sold a half share interest in a Melbourne city-fringe office building to co-owner, the GPT Wholesale
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GPT sells Highpoint Homemaker Centre for $80.5 million
GPT has sold the Highpoint Homemaker Centre for $80.5 million. The 21,268 square metre complex at 179 Rosamond Road replaced
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GPT Group snares national company for 11,000 sqm spec-built Sydney logistics centre
GPT Group has found a tenant to occupy a logistics centre it built speculatively in Sydney’s Huntingwood. The property giant
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GPT seizes full control of Highpoint, paying $680m for final 25% share
As reported in April, the GPT Group has exercised a pre-emptive purchasing option to snare the final 25 per cent stake
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GPT Withdraws Half Share of MLC Tower After Failing to Draw a Bid
FUND manager and developer GPT Group has withdrawn from the market its half share of Sydney’s landmark MLC tower.
GPT was firm with its $373.2 million asking price.
As such, it is reported, no bids were received. The AFR reports about 30 international and domestic prospective buyers expressed an interest, however.
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South Africa’s Growthpoint Pays GPT $50 Million For Canberra Office
SOUTH African backed Growthpoint Properties Australia has paid $50 million for a Canberra office complex fully leased by the federal government.
The 10-12 Mort Street complex (pictured, right), offloaded by the GPT Group, includes two adjoining six-level towers with a total of 15,400 square metres of A-grade space. The AFR, which reported the sale, did not disclose the rent paid by the government or the yield the property sold for.
Over the past three years the trust has acquired $835 million in real estate. It bought four office assets last December for $294 million, and also , three office assets in Brisbane, an office development in Sydney’s Gore Hill Technology Park.
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GPT, Besen propose Highpoint extension
The GPT Group and Besen family have announced a $300 million retail wing at their Highpoint Shopping Centre, in Melbourne’s
Read moreGPT Sells Bankstown Homemaker Centre for $25.2 Million
GPT Group has sold its Bankstown Homemaker Centre for $25.2 million, on a high yield of just over 10 per
Read moreGPT Sells Four Points by Sheraton For $185 Million
AN as yet undisclosed south-east Asian investor has paid $185 million for GPT’s unrenovated ‘Four Points by Sheraton’ hotel, in Sydney.
The hotel sold at a 10 per cent discount to its June 2009 valuation of $206 million. In December last year it was valued at $236 million.
Based on the asset’s current annual rent, the hotel sold on a yield of 8.8 per cent.
Read moreGPT to Reap About $90 Million From the Homemaker City Fortitude Valley Centre, Brisbane
GPT Group’s Homemaker City Fortitude Valley shopping centre, in Brisbane, is believed to be close to sale for about $90 million.
The complex includes more than a dozen bulky goods outlets, and a 700-bay car park. The centre is believed to be in due diligence to an as-yet-undisclosed purchaser.
The centre was one of seven GPT put to the market last year in Queensland and New South Wales. To date, the Cannon Hill and Windsor Centre in Brisbane have sold for a combined $20 million.
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