GPT Group Settles Over AU$860 Million Acquisition of 50% Stake in Sydney Property

MT Newswires Live

2025/12/22

GPT Group (ASX:GPT) settled the acquisition of a 50% stake in Grosvenor Place in Sydney for over AU$860 million, according to a Monday filing with the Australian bourse.

The company also acquired a property in New South Wales for AU$47 million plus transaction costs, the filing said.

The acquisition is subject to the Foreign Investment Review Board's approval, the filing added.

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