European Investor
23 Dec 2025, 10:30
GPT Group Completes Grosvenor Place Deal and Launches New Value-Add Partnership
The GPT Group has completed the acquisition of a 50 percent stake in Grosvenor Place, Sydney, for $860 million plus transaction costs, alongside Commonwealth Superannuation Corporation. Separately, GPT announced the $47 million acquisition of a student accommodation property in Camperdown as the seed asset for a newly established value-add partnership with an offshore capital partner. The new partnership is sector-agnostic and focused on value-add opportunities, with the Camperdown transaction subject to FIRB approval.
The GPT Group has completed the acquisition of a 50 percent stake in Grosvenor Place, Sydney, for $860 million plus transaction costs, alongside Commonwealth Superannuation Corporation. Separately, GPT announced the $47 million acquisition of a student accommodation property in Camperdown as the seed asset for a newly established value-add partnership with an offshore capital partner. The new partnership is sector-agnostic and focused on value-add opportunities, with the Camperdown transaction subject to FIRB approval.