The GPT Group (GPT or the Group) has today announced the bookbuild for the GPT Metro Office Fund (Metro or the Fund) has been completed and the $255 million Offer is fully underwritten.
A Product Disclosure Statement (PDS) has today been lodged with the Australian Securities and Investment Commission (ASIC) in relation to the Initial Public Offering. A Broker Firm Offer and GPT Securityholder Offer will be made pursuant to the PDS.
Metro will be a new ASX listed real estate investment trust with a quality portfolio of six A-grade metropolitan and business park properties, across Sydney, Brisbane and Melbourne independently valued at approximately $376 million as at 30 September 2014.
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