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GPT Group (ASX:GPT) has combined with its wholesale office fund (ASX:GWOF) to buy Melbourne prime real estate (ASX:CBW) the Corner of Bourke and William for $608 million.Each company will acquire a 50 percent interest in the property, which includes 181 William Street, 550 Bourke Street and Goldsborough Lane.GPT’s CEO Carmel Hourigan says the sale takes Group acquisitions to $1.7 billion since the start of 2014 and reflects the company’s positive expectations for the Melbourne CBD office market.GWOF has now grown to $5.2 billion and is expected to build fund returns.The property is due to settle in October.For the first half of the 2014 financial year, GPT Group reported a net profit of $241 million.
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Last
$5.43 |
Change
-0.020(0.37%) |
Mkt cap ! $10.40B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.47 | $5.42 | $22.40M | 4.116M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 28199 | $5.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.47 | 14534 | 3 |
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| Last trade - 16.20pm 10/09/2025 (20 minute delay) ? |
| GPT (ASX) Chart |