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News: GPT GPT Group Launches $800 Million Placement

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    June 19 (Reuters) - GPT Group (GPT) :

    • GPT LAUNCHES $800 MILLION PLACEMENT
    • PROPOSES ACQUISITION OF A 25 PER CENT INTEREST IN DARLING PARK FOR A TOTAL CONSIDERATION OF $531 MILLION
    • FOLLOWING COMPLETION OF ACQUISITION, GPT AND GWOF WILL HOLD A COMBINED 75 %INTEREST IN DARLING PARK 1 & 2 AND COCKLE BAY WHARF COMPLEX
    • FY19 FUNDS FROM OPERATIONS PER SECURITY GROWTH GUIDANCE OF 2.5 PER CENT ON FY18
    • SEES FY19 DISTRIBUTION PER SECURITY GROWTH OF 4 PER CENT ON FY18
 
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