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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
$5.46 |
Change
0.005(0.09%) |
Mkt cap ! $10.47B | |||
| Open | High | Low | Value | Volume |
| $5.45 | $5.47 | $5.42 | $10.96M | 2.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 16484 | $5.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.46 | 41782 | 34 |
View Market Depth
| Last trade - 15.06pm 10/09/2025 (20 minute delay) ? |
| GPT (ASX) Chart |