The GPT Group today announced its purchase of a site on the corner of Smith and Phillip Streets in the heart of Parramatta’s CBD, in Sydney’s West, 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. […]
GPT and NAB’s light bulb moment
It was a program that resulted from the National Australia Bank’s decision to renew the lease of its Docklands headquarters in Melbourne. In late 2012, NAB extended the lease on the 60,000 square metre GPT Wholesale Office Fund complex from 2016 to 2027 with several “green clauses” included. The clauses required GPT to use its […]