Jan 16 (Reuters) - GPT Group (GPT) :
- GPT ANNOUNCES PLANS TO SELL 50 PER CENT SHARE OF MLC CENTRE
- DIVESTMENT OF MLC CENTRE IS EXPECTED TO BE BROADLY NEUTRAL TO EARNINGS FOR GROUP IN 2019 BEFORE ANY REINVESTMENT OF SALE PROCEEDS
- GROUP PLANS TO REINVEST PROCEEDS FROM SALE INTO ITS DEVELOPMENT PIPELINE, WHICH INCLUDES NEW OFFICE TOWER AT 32 SMITH STREET, PARRAMATTA
- SALE WOULD SEE CO'S SYDNEY OFFICE EXPOSURE INITIALLY REDUCE TO 60 PERCENT WITH ITS WEIGHTING TO MELBOURNE INCREASING TO 34 PERCENT
Source text : http://bit.ly/2CrRiUG
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News: GPT GPT Group Announces Plans To Sell 50 Pct Share Of MLC Centre
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