GPT finalizes Grosvenor Place acquisition, establishes new partnerships

The GPT Group has finalized its acquisition of a 50% interest in Grosvenor Place, Sydney, for A$860 million plus transaction costs, in partnership with Commonwealth Superannuation Corporation (CSC). Concurrently, GPT announced the acquisition of 43-45 Australia Street, Camperdown, NSW, for A$47 million plus transaction costs. This will serve as a seed asset for a new value-add partnership with an offshore capital partner, focusing on value-add opportunities across various sectors. Completion is subject to Foreign Investment Review Board (FIRB) approval.

In related news, GPT declared an estimated unfranked distribution of A$0.12 per stapled security for the six months ending December 31, 2025. The ex-distribution date is December 30, 2025, the record date is December 31, 2025, and the payment date is February 27, 2026.

The Group also released its investor calendar for 2026. Key dates include the release of 2025 Annual Results on February 16, 2026, the closing date for director nominations on February 18, 2026, the Annual General Meeting on April 10, 2026, and the release of 2026 Interim Results on August 17, 2026.