Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from GPT Group ( (AU:GPT) ) is now available.
GPT Group has settled the acquisition of a 50% interest in Sydney’s landmark office tower Grosvenor Place for $860 million plus transaction costs, in partnership with Commonwealth Superannuation Corporation, strengthening its exposure to prime CBD office assets and deepening its relationships with major institutional investors. In a parallel move, GPT has agreed to acquire a high-quality student accommodation property at 43-45 Australia Street, Camperdown, NSW for $47 million as the seed asset for a new, sector-agnostic value-add partnership with an offshore capital partner, signalling the launch of a new investment strategy targeting opportunistic, higher-return real estate plays, subject to Foreign Investment Review Board approval.
The most recent analyst rating on (AU:GPT) stock is a Buy with a A$6.00 price target. To see the full list of analyst forecasts on GPT Group stock, see the AU:GPT Stock Forecast page.
More about GPT Group
GPT Group is an Australian listed property group focused on owning, managing and developing real estate, including major office, retail and other commercial assets, with an emphasis on institutional partnerships and capital management across key urban markets such as Sydney.
YTD Price Performance: 31.57%
Average Trading Volume: 4,608,021
Technical Sentiment Signal: Buy
Current Market Cap: A$10.75B
See more insights into GPT stock on TipRanks’ Stock Analysis page.