News: GMF GPT Metro Office Fund says asset revaluations result in $26.4 mln uplift

April 4 (Reuters) - GPT Metro Office Fund (GMF) :

• Asset revaluations result in $26.4M uplift (GMF)
• Says the unsolicited proposal was subsequently withdrawn
• "Pro forma net gearing is expected to reduce to approximately 26.6% , from

  28.3% as at 31 December 2015"

• GMF decided to undertake an independent revaluation of all of the properties

  in the portfolio as at 31 March 2016

• Increase in property values is primarily result of combination of income

  growth and tightening in capitalisation rates