This article is from the Australian Property Journal archive
THE GPT Wholesale Office Fund is closing the year with some last minute shopping, spending over $550 million.
GWOF had acquired an additional third interest in One One One Eagle St in Brisbane’s CBD for $284.2 million from the Abu Dhabi Investment Authority.
This will increase GWOF’s interest share to 66.67% whilst the remaining 33.33% will be owned by GPT Group.
The 54-storey office building comprises 63,000 sqm of space and has a weighted average lease expiry of 7.1 years by income and the occupancy rate is 97.6% as at 30 June 2016.
Earlier this month the fund bought 37-storey office building at 100 Queen St in Melbourne’s CBD for $270 million from ANZ Bank.
Australian Property Journal
