Property investment company GPT Group (ASX:GPT) will acquire Perron Group's 50% interest in the Cockburn Gateway and Belmont Forum shopping centers in Western Australia for about AU$482 million, according to a Friday filing with the Australian bourse.
The two properties provide a combined moving annual turnover of over AU$1 billion, the filing said.
The transaction is anticipated to be completed in February 2025, according to the filing.
Price (AUD): $4.46, Change: $-0.02, Percent Change: -0.45%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.