This article is from the Australian Property Journal archive
GPT Group has sold its mezzanine loan position in a US Multi-family Portfolio for $US20 million, which is $US3 million above book value.
The mezzanine position was originally acquired through the group’s Hamburg Trust platform, which was sold last year.
GPT CEO Michael Cameron said the sale of GPT’s interest in the non-core investment was another step toward achieving the group’s strategy of active ownership of high quality Australian retail, office and industrial assets.
Settlement is subject to foreign investment approvals.
Australian Property Journal
