The GPT Group (“GPT” or “Group”) is pleased to announce that it has entered into a binding agreement with Dexus (DXS) and Dexus Wholesale Property Fund (DWPF) to sell its 50 per cent share in the MLC Centre. The asset has achieved an annualised return of in excess of 20 per cent per annum over the past three years. The sale price of $800 million represents a 3 per cent premium to GPT’s 31 December 2018 book value.
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