This article is from the Australian Property Journal archive
ASX-listed GDI Property Group has received credit-approved terms to extend its principal facility by two years and by $25 million, welcoming a second tier 1 bank as a new funding partner and providing what it says is more capacity to capitalise on leasing momentum in Perth’s office market.
It takes the facility at least July of 2026, and increases the limit to $376.5 million.
GDI said it delivers stated strategic objectives of both diversifying its funding sources and putting in place through cycle funding.
“The $25.0 million increase in the principal facility provides GDI with additional capacity to capitalise on the leasing momentum in the Perth market in general, and GDI’s portfolio specifically,” it said in a statement.
“GDI remains relentlessly focused on its leasing efforts in Perth to maximise the value of its current assets in both the property and funds management business.”