The GPT Group (“GPT” or the “Group”) is pleased to announce that it has entered into a contract for the sale of Dandenong Plaza, located in Dandenong, Victoria to Armada Funds Management for $197 million. The transaction remains conditional on FIRB approval.
GPT’s Head of Retail, Vanessa Orth said it was a pleasing result, which reflected the work that had been done to reposition and strengthen the asset.
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