Publications

- July 1, 2014: Vol. 6, Number 7

To read this full article you need to be subscribed to Institutional Real Estate Asia Pacific

GPT scoops up office assets for A$548m

by

GPT Wholesale Office Fund, managed by The GPT Group, is set to complete the full and partial acquisitions of three former Commonwealth Property Office Fund assets in Melbourne for a combined total of A$548.4 million (US$514 million). GPT previously bid for the CPA asset portfolio, which was acquired by Dexus Property Group and the Canada Pension Plan Investment Board.

Most recently, GWOF has acquired a 50 percent interest in 2 Southbank Boulevard for A$196.7 million (US$184 million). The latest deal comes after the fund’s April purchase of 750 Collins Street for A$249.5 million (US$234 million) and 655 Collins Street for A$102.2 million (US$96 million).

GWOF had exercised a call option to buy a 50 percent interest in a fourth CPA asset, KPMG Tower, located at 10 Shelle

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?