Australia's GPT Group jumps most in nearly 2 weeks on sale of properties

GPT

24/11/2022 01:00

** Shares of property trust GPT Group  GPT.AX  jump as much
as 2.2% to A$2.2, on track for their biggest pct gain since Nov.
11
    ** GPT says exchanged contracts for the sale of Rosehill
business park in New South Wales and Citiport business park in
Melbourne for A$256.2 million ($172.63 million)
    ** Says settlement of transaction is expected to occur by
early-2023 
    ** Stock down 21.6% this year, as of last close, vs a 2.9%
decrease in the benchmark S&P/ASX 200 index  .AXJO  
($1 = 1.4841 Australian dollars)
 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))