Australia's GPT Group to acquire 50% stake in office property for $559 million

GPT

23/10/2025 22:50

Oct 24 (Reuters) - Australia's GPT Group  GPT.AX said on Friday it would acquire a 50% stake in Grosvenor Place office tower in Sydney, for A$860 million ($559 million).

Upon completion of the deal, Commonwealth Superannuation Corp will own the other half of the stake in the property.

($1 = 1.5389 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Anil D'Silva)

 ((shivangi.lahiri@thomsonreuters.com))