Spun out of GPT, seems to be ok multiples. Only risk is...

Spun out of GPT, seems to be ok multiples. Only risk is geographic as I can see i.e. Homebush..

The GPT Metro Office Fund will have the following characteristics:

6.3 year weighted average lease expiry,
7.7 per cent capitalisation rate,
100 per cent occupancy,
Average building age of 3.5 years,
Gearing of 35 per cent, and
Forecast Distribution Yield for the period from Allotment to 30 June 2015 of approximately 7.40
per cent per annum.

Pretty stale action out of the $2 price, worth watching I guess