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GPT Group expands footprint in Parramatta

People & Companies / Latest News

Australia

Feb 14 2017

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Carolyn Cummins and Simon Johanson, The Sydney Morning Herald

GPT Group, one of the country's largest diversified real estate investment trusts, has expanded its presence in the booming Sydney western suburbs with the purchase of a site on the corner of Smith and Phillip Streets in the heart of Parramatta's CBD, for $31.2 million.

The site, which has the potential to accommodate a 26,000-square- metre prime office tower, represents GPT's first investment in the Parramatta CBD office market.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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