Shares in Growthpoint Properties Australia (ASX:GOZ) rose after announcing the acquisition of office buildings in Canberra yesterday.
The real estate investment company will pay $55.8 million for the property which includes two modern eight storey office buildings.
The buildings have been recently refurbished and are fully let to the Department of Education, Employment and Workplace relations on a five year lease.
Growthpoint Properties expects the acquisition to be settled within the next two months.
Shares in Growthpoint Properties Australia closed 0.95 per cent higher following the announcement yesterday, closing at $2.21.
In the first half of the 2012 financial year Growthpoint Properties Australia reported a net profit of $26.9 million.
