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GPT Strengthens Retail Portfolio with Rouse Hill Partnership and Highpoint Stake Boost
8:59am on Wednesday 22nd of January, 2025 AEDT
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Real Estate
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GPT Strengthens Retail Portfolio with Rouse Hill Partnership and Highpoint Stake Boost
8:59am on Wednesday 22nd of January, 2025 AEDT
Key Points
GPT forms 50% partnership in Rouse Hill Town Centre with GWSCF
Acquires additional 8.33% stake in Highpoint Shopping Centre, raising direct ownership to 25%
Net proceeds of approximately $176.1 million to be used for gearing reduction
Transactions valued at book value based on independent December 2024 valuations
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