trending Market Intelligence /marketintelligence/en/news-insights/trending/TVpb_m80tFHEK1aR-t9z1w2 content esgSubNav
In This List

Report: GPT Group offers to swap 50% stake in A$2.7B Melbourne shopping center

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


Report: GPT Group offers to swap 50% stake in A$2.7B Melbourne shopping center

GPT Group is quietly seeking an interested party for a swap of its half-stake in the A$2.7 billion Highpoint Shopping Centre in the Maribyrnong area of Melbourne, The Australian reported.

The property company is believed to have reached out to its fellow shopping center landlords for the interest swap. According to the publication, it is also hoping to discuss the transaction with AMP Capital, QIC Global Real Estate and Scentre Group.

GPT Group holds a 16.67% stake in Highpoint Shopping Centre, while its GPT Wholesale Shopping Centre Fund owns the remaining 83.33% interest in the property. The 154,300-square-meter shopping center houses more than 500 retail shops including David Jones, Zara, Apple and Samsung, the March 14 report added.